Velocity Retail Announces August Transactions


Corona del Sol

Velocity Retail Group, LLC completed 14 transactions in August totaling nearly 450,000 square feet.  

Andy Kroot  represented Goodwill of Central Arizona in a new 10-year lease at Goodyear Centerpointe at 15433 W. McDowell Road, in Goodyear, Arizona.  The 30,256 square foot new store will also have a full career center.

Larry Miller and Jim Edwards represented the Landlord, Arrowhead Properties, LLC in a deal that will result in Desert Sky Animal Hospital opening a 2,100 square foot location at Arrowhead Vista’s shopping center located north of the northeast corner of Bell Road and 51st Avenue in Glendale, Arizona.  John Morrow of Professional Practice Consultants represented the Tenant in the five-year transaction.   

Darren Pitts, Michael Clark, and Nick Ault represented both parties in a deal in which Mattress Firm leased a 5,064 square foot building from Madison Development at 4456 E. Thomas Road in Phoenix. The store is expected to open during the first quarter of 2014 after the owner finalizes retrofit work in the building. 

Goodwill of Central Arizona leased a 19,290 square foot building from San Tan Village Investors, LLC at 2756 S. Market Street in Gilbert, Arizona.  The new store will be a “Goodwill Redesign” concept.

Michael Clark, John Jackson and Nick Ault represented Sasha Bella Day Spa in a 1,400 square foot 5-year transaction at Township Plaza at the southwest corner of Baseline and Gilbert Roads.  The Landlord is an entity managed by Desert Troon Companies of Scottsdale.  The location is expected to open in October of this year.

 Darren Pitts and Michael Clark represented Mattress Firm as the business leased a 4,000 square foot building in the newly constructed San Dorado retail center at Oracle and 1st Street in Oro Valley, Arizona.  The landlord was represented by Teale Bloom of Phoenix Commercial Advisors.  The store is expected to open in the first quarter of 2014. 

Biscuits Café Inc. leased a 2,876 square foot space at 414 West University Drive in Tempe, Arizona.  Velocity Retail Group’s Andy Kroot represented the tenant in the 5-year transaction.  This will be the third store for the restaurant in the Phoenix area, with more in the works.  The location is expected to open in the 3rd quarter of this year. 

Jim Edwards, Larry Miller and John Jackson represented the landlord, Pacific West Land, LLC in a 975 square foot lease to Black Tie Cleaners.  The new store will be located in the Fry’s anchored Corona del Sol shopping center at the southeast corner of Ray and Rural Roads in Chandler, Arizona. 

Andy Kroot represented Goodwill of Central Arizona, which is opening a 1,331 square foot donation center in the Maricopa Fiesta shopping center at the southwest corner of John Wayne Parkway and State Route 238 (Smith Enke Road) in Maricopa, Arizona.   

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