DUNCAN, Ariz. – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Valley View MH & RV Park, a 34-acre located in Duncan, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,225,000 ($7,850 per space)

“The buyer plans to incubate the vacant homes, infill new homes into the community, and perform major capital expenditures to the roads and infrastructure of the property,” said Michael Escobedo, an investment specialist in Marcus & Millichap’s Phoenix office. “This allowed the seller to shift their capital into another opportunity.”

Escobedo represented the seller, a limited liability company, in the transaction. The buyer, a limited liability company, was also procured by Escobedo. Valley View MH & RV Park is located at 441 Corral Road in Duncan, Arizona. Built in 1970, this asset contains 116 mobile homes spaces, 30 RV spaces and a fourplex all on 34 acres of land.

Renowned Designer Joey Rodolfo To Establish Design and Innovation Center, Focus on Health/Wellness and Wearable Tech

Tucson, AZ — WOW Studios, a Seattle-based luxury technical sportswear company whose award-winning team focuses on blending “old school” design philosophies with modern innovation, announces today its move to downtown Tucson, Arizona.

WOW Studios will lease 17,474-square-feet at One East Toole Ave, former home of SinfoniaRx. The new facility will include both office/design studios and retail space. The relocation will add 50 jobs primarily in engineering, marketing, design and sales with an economic impact of $252 million over the next 10 years. The facility is scheduled to be operational in January 2021.

WOW Studios is led by co-founders Joey Rodolfo and Stacy Bennett, seasoned industry executives. Rodolfo, an accomplished sportswear designer, innovator, and entrepreneur, has created or designed some of America’s top menswear brands, including Bench Co. Ltd, Cutter & Buck, JR 1879, Resort II and Callaway Apparel Worldwide. Rodolfo has been credited as the designer who elevated the Tommy Bahama brand from being a “Hawaiian shirt company” to a full-line lifestyle collection brand. Bennett, a direct/digital marketing executive, has built multi-million dollar, direct-to-consumer programs at Amazon, Nordstrom, Clarisonic and Tommy Bahama.

The Buki Collection is the signature brand of WOW Studios. Buki offers luxury technical clothing and wardrobe essentials, crafted for comfort with state-of-the-art Japanese fiber and sustainably-sourced collagen fabric. These proprietary technical fibers contribute properties such as thermoregulation, moisture management, dynamic stretch and recovery, and more.

“My vision is to establish Tucson as the next hub of innovative design not just in fashion, but in health/wellness and wearable tech,” said Rodolfo. “Tucson is business-friendly and offers incredible partnership opportunities. I want to see how we can build a new industry in Tucson, attract suppliers and create the next generation of health and wellness products that make lives better. The environment is important to us – we believe in slow fashion with ethical production.”

“Arizona continues to attract innovative companies that are advancing new technologies and groundbreaking ideas,” said Governor Doug Ducey. “Thank you to WOW Studios for choosing to relocate their headquarters to Tucson and creating more new jobs in Southern Arizona.”

“Joey and I started talking several months ago, and I quickly realized what a great opportunity this was – to be on the cutting edge of innovation in this field,” said Joe Snell, president & CEO of Sun Corridor Inc. “It’s really a once-in-a-lifetime opportunity to build a new industry here in Southern Arizona.”

“To bring Joey and his team to Tucson is a coup, and we hope the beginning of establishing Tucson as a destination for fashion design,” said Fletcher McCusker, chair, Rio Nuevo. “Downtown Tucson has to continue to evolve and this is a great step.”

“Here at the University of Arizona, the College of Agriculture and Life Sciences’ Norton School of Retailing and Consumer Science program and the Terry J. Lundgren Center for Retailing have long supported this industry, graduating students with top-notch expertise covering every aspect of product development and operations,” said Dr. Robert C. Robbins, president, University of Arizona. “The University of Arizona is excited to partner with Joey in developing and advancing innovation in this space.”

“Tucson continues to attract emerging tech innovators, and WOW Studios is a very exciting addition to the Southern Arizona innovation ecosystem,” said Sandra Watson, president & CEO, Arizona Commerce Authority. “We’re grateful to Joey Rodolfo and his team for choosing Arizona and excited to see them succeed in our state!”

“We welcome Joey and his team at WOW Studios,” said Mayor Regina Romero, City of Tucson. “Downtown Tucson has a “cool” vibe that promotes innovation and creativity making it the perfect place for developing emerging technologies.”

“This is an exciting economic development opportunity at the ground floor,” said Pima County Administrator Chuck Huckelberry. “We thank WOW Studios for their confidence and investment in Tucson.”

Buzz Isaacson with Buxx Isaacson Realty represented the landlord.

Partners in the project include Rio Nuevo, the University of Arizona, Arizona Commerce Authority, City of Tucson and Pima County.

[mepr-show rules=”58038″]Asking rate: $11/ SF Modified Gross, Buzz Isaacson represented the landlord[/mepr-show]

New Concept Represents Extension of the Company’s Non-Consumables Strategic Initiative; Company Announces Initial Two Stores near Nashville, Tennessee

Goodlettsville, Tennessee – Dollar General (NYSE: DG) proudly announces its newest retail store concept popshelf.  This new store aims to engage customers with a fun, affordable and stress-free shopping experience where they can find on-trend seasonal and home décor, health and beauty must-haves, home cleaning supplies, party goods, entertaining needs and much more—with approximately 95 percent of items priced at $5 or less!

Customers can visit these innovative stores when the first two popshelf locations open near Nashville, Tennessee this fall. Learn more about popshelf through this engaging video here.

“We are excited to introduce popshelf from a position of strength, further highlighting our innovative spirit and building on our proven track record of store format innovation,” said Todd Vasos, Dollar General’s Chief Executive Officer. “We have leveraged robust consumer insights to create a unique store that we believe will resonate with new customers, while providing Dollar General with even more opportunities for growth in the years ahead.”

“Building on the success, learnings and insights from Dollar General’s non-consumables initiative (NCI), we are excited to unveil popshelf following our work to research, create and define the brand and merchandising offerings,” added Emily Taylor, Dollar General’s executive vice president and chief merchandising officer.  “At popshelf, customers will find a differentiated retail concept that seeks to bring joy to their shopping experiences, with surprising deals in targeted non-consumable product categories.  We are excited to welcome customers into these stores.”

Although grounded in the extensive NCI merchandising learnings and real estate and operational excellence at Dollar General, popshelf is a differentiated store and shopping experience. Each approximately 9,000 square foot popshelf store is focused on delivering a combination of continually-refreshed merchandise, seasonal specials and limited-time items while also surpassing price and value expectations. popshelf shelves will also carry a highly-curated crossover assortment of Dollar General’s private brands, many of which have been recently rebranded. Customers can enjoy popshelf’s stress-free and guilt-free shopping experience as they find the items they want while being delighted by unique special products that deliver joy and happiness!

popshelf plans to debut its first two locations near Nashville, Tennessee in the Hendersonville and Clarksville communities with current plans to have approximately 30 locations in various markets by the end of fiscal year 2021. Initial targeted customers are primarily female and are located in diverse suburban communities with a total household annual income ranging from $50,000 to $125,000.

Each popshelf is expected to create up to 15 new jobs and employ team members passionate about helping customers enjoy their shopping experience. At popshelf, team members will have the opportunity to join an invigorating retail environment that brings to life the new brand’s mission of making shopping exciting and fun for everyday purchases and unique finds. Available positions for the Tennessee stores are currently available online at https://careers.popshelf.com/.