Velocity Retail Group Announces December Transactions

Anthem Eastside Shops
Anthem Eastside Shops

Velocity Retail Group, LLC completed 10 transactions in December   A summary of each transaction follows:

Velocity Retail Group’s Dave Cheatham and Darren Pitts negotiated a lease with Fallas Discount Stores for 24,390 square foot space at Plaza del Sol shopping center at the southeast corner of Indian School Road and 33rd Avenue in Phoenix.  The landlord is Kimco Realty Corporation of New York. The store is expected to open in the first quarter of 2014.

Andy Kroot of Velocity Retail Group negotiated a 10-year 23,513 square foot location on behalf of Goodwill Industries of Central Arizona at the northeast corner of Baseline and 48th Street in Phoenix.  The landlord, MCS South Point Plaza, LLC was represented by Jason Fessinger of Strategic Retail Group.  Goodwill plans for a full-size retail location in this Fry’s Food Store anchored shopping center. 

Velocity Retail Group’s Dave Cheatham, Darren Pitts and Andy Kroot negotiated on behalf of De Rito Partners Development, Inc. for a 99 Cent Only store at the Pavilions at Talking Stick Shopping Center at the northeast corner of Indian Bend Road and the Loop 101 Freeway in Scottsdale.  The 16,750 square foot store is expected to open in February and will feature a perishable food department and be located in the Target quadrant of the shopping center. Jim Mitchell with Retail Advisors S.W. represented the tenant in the transaction. 

Dobson Baseline Plaza at the southeast corner of Baseline and Dobson in Phoenix was represented by Velocity Retail Group’s Jim Edwards, John Jackson, and Larry Miller in the lease of 3,100 square feet to Baby Kay’s Cajun Kitchen. The tenant was represented by Reuel Couch of The Restaurant Brokers. A long-time Phoenix favorite located at Town & Country on Camelback Road for 20 years, Baby Kay’s will re-open at the Dobson Baseline Plaza in February, and have plans to seek a new central Phoenix location in the near future.

Jim Edwards and Larry miller of Velocity Retail Group represented the Landlord, Encore Plaza, Inc. in a 3,715 square foot transaction for 2nd Wind Fitness Equipment at Encore Plaza shopping center at the southeast corner of Baseline and Gilbert in Mesa, Arizona.  The tenant was represented by Jake Ertle of Rein & Grossoehme Commercial.  This will be the third location for the tenant who is expected to open in February. 

Darren Pitts of Velocity Retail Group represented Uptown Cheapskate, a high-fashion consignment store concept, in a new location in the Pima Crossing shopping center at the northwest corner of Shea and Loop 101 in Scottsdale. Uptown Cheapskate® is a sister company to KiD to KiD®, an award winning children’s product franchise with stores nationwide.  The new 2,683 square foot store will be an expansion to the existing Kid to Kid store which has been operating in the shopping center for 10 years.  The total size of both concepts is 5,323 square feet.  The stores buy, sell, trade and consign new and gently used clothing and accessories at discounted prices.  Uptown Cheapskate caters to the pre-teen and young adult demographic. Regency Centers, L.P. is the landlord.   

Velocity Retail Group’s Larry Miller, John Jackson, and Jim Edwards negotiated a lease with SC del Sol Soccer Club for a 1,203 square foot space north of the northeast corner of Union Hills Drive and 32nd Street in Phoenix. The landlord was represented by Phil Tomlinson of Commercial Properties. The new location is a relocation for SC del Sol’s business office and will open in January.

ZikWid Electronic Cigarettes signed a lease for a 1,348 square foot space at Tatum Place Neighborhood Shopping Center on Thunderbird and Tatum in Phoenix. Velocity Retail Group’s Jim Edwards, Larry Miller, and John Jackson represented the landlord, and Nick DeDonna of Strategic Retail Group represented the tenant in the negotiation. This will be ZikWid’s third location and will open for business in February.

Representing the landlord, Valle del Sol Shopping Center on Warner & Dobson in Phoenix, Velocity Retail Group’s Larry Miller, John Jackson and Jim Edwards leased a 1,251 square foot space to Oneself Therapy. The tenant signed a 3-year lease and will open for business in February.

Miller, Jackson and Edwards also represented the landlord at Anthem Eastside Shops on Anthem Way and Venture Drive in Anthem, on a 2,385 square foot lease with Rhapsody School of Music. Rhapsody is relocating and expanding their operation in Anthem, increasing their teaching space and adding retail offerings. The new school will open in March.

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