Velocity Retail Group’s Darren Pitts represented At Home in the purchase of 8.54 acres in the San Tan Pavilions shopping center located at the southwest corner of Williams Field Road and San Tan Village Parkway in Gilbert, Arizona. The seller of the property was San Tan AZ, LLC an entity controlled by Intercapital Development, Inc. based in Las Vegas, Nevada. The purchase price of the property was $4,112,760.96. The 108,000+/- square foot At Home store is projected to open in the 1st quarter of 2018.
The store is part of an approximate 33 acre development that is planned to have an additional 170,000 square feet of retail space including big box anchors, shops, pads and restaurants. The project is located in the San Tan Regional Mall trade area a major retail hub for the growing southeast Valley.
This will be the sixth Arizona location for At Home, which is based in Plano, Texas. “At Home has expanded their store presence in Arizona over the past several years. This latest location in the southeast Valley is part of our strategic plan in the Phoenix metro area. At Home has plans to add additional stores in major markets in Arizona and we continue to look for new opportunities for them,” said Pitts.
Velocity Retail has worked with At Home on their store locations in the Phoenix area since 2007. Today At Home operates 127 locations in 31 states.