Velocity Retail Group Broadens Investment Division with Industry Expert

Phoenix-based Velocity Retail Group welcomes Eli Castronova to the organization as a Senior Vice President for Investments & Capital Markets. His nearly two decades of extensive experience and accomplishments within the investment arena, successfully securing debt and equity financing for a variety of projects, and development services compliment the current offerings within Velocity Retail.

Eli’s focus will be to consult with owners and investors to analyze investment properties for sale, as well as provide a capital markets solution for Velocity Retail’s clients. As a former EVP and Principal for a prominent development company, Eli secured over $500MM in debt and equity financing for retail, office, residential, multi-family, and master planned community land. Additionally he was responsible for acquiring, entitling, developing, leasing and selling over 30 projects in his career.  These projects ran the gamut from grocery anchored centers, shops, and free-standing retailers.   His experience spans several real estate cycles and provides insight and foresight to all levels of retail transactions.

“We are extremely pleased to have Eli join our organization.  Being able to enhance our investment division with an accomplished professional of his experience and expand our offerings into capital markets will bring a new level of strategic solutions for our clients”, said Dave Cheatham, President of Velocity Retail Group.

Eli earned a B.A. in Accounting and Finance from Macquarie University in Sydney, Australia.  He can be reached at 602-682-8175,ec@velocityretail.com