GROUND LEASE AT Gilbert & Germann in Chandler, AZ
Michael Clark and Dave Cheatham of Velocity Retail Group in Phoenix represented the landlord, Accelerated Development Services and Wadsworth Development in a 20 year ground lease of 1.73 acres located at the southwest corner of Gilbert and Germann in Chandler, Arizona. The Tenant, First Choice ER, was represented by Todd Folger of CBRE in Phoenix. The tenant plans to build an approximate 6,500 square foot facility, and be open for business by second quarter of 2014.

OFFICE – 1580 N FIESTA BLVD, GILBERT, AZ
A lease for 34,368 sq. ft. in Fiesta Tech Center in Gilbert was recently consummated. The owner of the property is D Ray Hult Family, LP. Steve Grossoehme and Dan Casey of Rein & Grossoehme represented the owner and Payson MacWilliam and Don MacWillian of Colliers represented an undisclosed tenant.

RETAIL – CHANDLER PAVILLIONS II, CHANDLER, AZ
Velocity Retail’s Dave Cheatham and Nick Ault represented the tenant, My Pigsty in the lease of a 34,000 sq. ft. space at Chandler Pavillions II on the southeast corner of Harrison and 54th Street in Chandler. The landlord, MDI 154, LLC was represented by Mike Polachek of SRS Real Estate Partners. The space was previously occupied by Ultimate Electronics.

RETAIL – 441 S WATSON ROAD, BUCKEYE, AZ
Goodwill of Central Arizona finalized a 25,000 sq. ft. build-to-suit lease with DTD Devco 12, LLC, an entity controlled by Desert Troon Companies, at Watson Marketplace, 441 South Watson Road in Buckeye, AZ. Andy Kroot of Velocity Retail Group in Phoenix represented the tenant.

OFFICE – 3135 S PRINCE RD, CHANDLER, AZ
Tom Bean and Laurel Lewis of NAI Horizon in Phoenix represented the landlord, Hangar Winters Ventures LLC, in a 15 month office lease transaction for a 4,950 sq. ft. space at 3135 South Price Road in Chandler, AZ. Josh Wyss and Bruce Calfee with Cassidy Turley represented the tenant, Insys Therapeutics, Inc.

RETAIL – PEORIA PLAZA SHOPPING, PEORIA, AZ
Westbrook Animal Hospital leased a 3,004 sq. ft. space at Peoria Plaza Shopping Center, located at the southwest corner of Union Hills and 91st Avenue in Peoria and was represented by John Appelbe of Cassidy Turley. Judi Butterworth and Nick Ault of Velocity Retail Group in Phoenix represented the landlord, Shambhala Development, LLC

OFFICE – 8101 N 19TH AVE. SUITE A, PHOENIX, AZ
NextCare Arizona, LLC leased a 4,086 sq. ft. space at 8101 N. 19th Avenue, Suite A, in Phoenix. The landlord, Kling/Stong Trust was represented by Andy Kroot of Velocity Retail in Phoenix, and the tenant was represented by Ed Beeh and Robbie Petty of SRS Real Estate Partners in Phoenix. The space was formerly an O’Reilly Auto Parts Store.

OFFICE – 8687 E VIA DE VENTURA, SCOTTSDALE
Justin Horwitz of Sperry Van Ness in Phoenix represented the landlord at Ventura Gateway to lease 2,987 sq. ft. to Alert GPS Holdings, Inc. The tenant was represented by Tanner Milne of Menlog CBRE.

OFFICE – 1100 S DOBSON RD, CHANDLER, AZ
Mike Myrick and Alexandra Loye of NAI Horizon in Phoenix represented the tenant, Arizona Orthopedics, PLLC, in a 65 month medical lease transaction for a 2,930 sq. ft. space at 1100 South Dobson Road in Chandler, AZ. Phil Wurth with Colliers International of Phoenix represented the landlord, SDBP III, LP.

RETAIL – 13200 W FOXFIRE DR, SURPRISE, AZ
Mark Wilckeof NAI Horizon in Phoenix represented the tenant, Sisco’s Fabrication and Custom Body Work, LLC, in a 63 month industrial lease transaction for a 2,851 sq. ft. space at 13200 West Foxfire Drive in Surprise, AZ. John Pompay with Cassidy Turley represented the landlord, Foxfire Two, LLC.

RETAIL – GILBERT FIESTA II, GILBERT AZ
Leslie Pools lease 2,800 sq. ft. at Gilbert Fiesta II in Gilbert. Greg Vanlerberghe and Erin Schrauth of Sperry Van Ness in Phoenix represented the landlord. Darlene Saunders of Sperry Van Ness in Phoenix represented the tenant.

OFFICE – 14614 N KIERLAND BLVD, SCOTTSDALE, AZ
Laurel Lewis of NAI Horizona in Phoenix represented the tenant, Cornerstone Home Lending, Inc., in a 40 month office lease transaction for a 2,771 sq. ft. space at 14614 North Kierland Boulevard in Scottsdale, AZ. Luke Walker with CBRE in Phoenix represented the landlord, Abart Properties VIII Holding Company, LLC.

RETAIL – 2480 W HAPPY VALLEY RD, PHOENIX
Rod Works leased a 2,488 sq. ft. space at The Shops at Norterra, located at 2480 W. Happy Valley Road, Phoenix. Velocity Retail Group’s Jim Edwards and Larry Miller represented the tenant. The landlord, RED Development/USAA, was represented by Heather Randall of RED Development in Phoenix. This will be Rod Works second valley location, and is set to open in November of this year.

OFFICE – 8765 W KELTON LN, PEORIA, AZ
Barbara Lloyd and Lane Neville of NAI Horizon of Phoenix represented the landlord, Pathfinder TRF Four, LLC, in a 38 month office lease transaction for a 2,135 sq. ft. space at 8765 West Kelton Lane in Peoria, AZ. Rob Ryan with West USA Commercial represented the tenant, Barress and Barress, LLC.

RETAIL – CAMP VERDE OUTPOST MALL, CAMP VERDE, AZ
Greg Vanlerberghe and Erin Schrauth of Sperry Van Ness in Phoenix represented both the landlord and tenant at Camp Verde Outpost Mall to lease 2,088 sq. ft. to Camp Verde Eye Care.

OFFICE – 4515 S McCLINTOCK DR, TEMPE, AZ
Tom Bean and Barbara Lloyd of NAI Horzon in Phoenixz represented the landlord, Tempe CC, LLC, in a 52 month office lease transaction for a 1,586 sq. ft. space at 4515 South McClintock Drive in Tempe, AZ. Laurel Lewis with NAI Horizon represented the tenant, Two Suns Health Services, LLC.

RETAIL – GILBERT FIESTA II, GILBERT AZ
The Tilted Mirror clothing boutique leased 1,400 sq. ft. at Gilbert Fiesta II. The property is located on Williams Filed Road in Gilbert. Greg Vanlerberghe and Erin Saunders of Sperry Van Ness in Pheonix represented the tenant.

RETAIL – PEORIA PLAZA SHOPPING, PEORIA, AZ
Judi Butterworth and Nick Ault of Velocity Retail Group in Phoenix represented the landlord, Shambhala Development, LLC in a lease of 1, 200 sq. ft. to Awen’s Day Spa at Peoria Plaza Shopping Center, located at the southwest corner of Union Hills and 91st Avenue in Peoria

RETAIL – AGUA FRIA TOWNE CENTER, PHOENIX
Take or Bake Pizza has chosen Agua Fria Towne Center at the northeast corner of Camelback Road and Loop 101 for its first Phoenix location. The tenant leased 1,100 sq. ft. from Oak Tree Three Investments, LLC in a new 5-year deal. Nick DeDona with Strategic Retail Group of Phoenix represented the tenant. Judi Butterworth and Nick Ault of Velocity Retail Group in Phoenix represented the landlord.

RETAIL – 20797 N JOHN WAYNE PARKWAY, MARICOPA, AZ
Chris Gerow, Shelby Tworek, and Gabe Ortega of NAI Horizon represented the landlord, USB NA as Trustee for JPM 2007-LDP12-Maricopa Marketplace, in a 3 year retail lease renewal for a 1,080 sq. ft. space at 20797 North John Wayne Parkway in Maricopa, AZ.

RETAIL – 6740 E UNIVERSITY DR, MESA, AZ
Michael Franks and Michael Gaida of Sperry Van Ness in Phoenix represented Winks Smoke Shop in a 1,020 sq. ft. lease at Tapanema Plaza at 6740 E University Drive in Mesa. Franks and Gaida also represented the landlord.

Velocity Retail Group, LLC completed 14 transactions in August totaling nearly 450,000-square-feet. A summary of each transaction follows:

Darren Pitts of Velocity Retail Group and ARCORE Real Estate Group’s Al Rodenbostel of Oak Brook, Illinois represented The Dump, a subsidiary of Haynes Furniture, Inc. in a 139,265 square foot retail store located at 2860 S. Highland Avenue in Lombard, Illinois. The building was a former Great Indoors. The same team also finalized a 215,400 square foot warehouse to support the new store at 180 N. Meadow in Addison, Illinois. This is the single largest retail transaction in the Chicago-land market in the past 18-months.

Andy Kroot of Velocity Retail Group 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.

Darren Pitts, Michael Clark and Nick Ault of Velocity and Chad Moore and Jeff Harrison from Mountain West Retail in Utah represented the Tenant, Mattress Firm, Inc. in a 10-year lease at 1122 S. University in Provo Utah. The former Fazoli’s building is located in Provo Towne Center. The store is expected to open in the 2nd quarter of 2014.

Desert Sky Animal Hospital will be 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. Larry Miller and Jim Edwards of Velocity Retail represented the Landlord, Arrowhead Properties, LLC.

Mattress Firm leased a 5,064 square foot building from Madison Development at 4456 E. Thomas Road in Phoenix. Both parties were represented by Darren Pitts, Michael Clark, and Nick Ault of Velocity Retail Group. 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 tenant was represented by Andy Kroot of Velocity Retail Group in the 10-year transaction. The new store will be a “Goodwill Redesign” concept.

Sasha Bella Day Spa was represented by Velocity Retail’s Michael Clark, John Jackson and Nick Ault 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.

Mattress Firm 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 tenant was represented by Darren Pitts and Michael Clark of Velocity Retail Group and the landlord was represented by Teale Bloom of Phoenix Commercial Advisors. The store is expected to open in the first quarter of 2014. For more information on San Dorado https://realestatedaily-news.com/cvs-and-shop-tenants-committ-to-san-dorado-in-oro-valley/

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 of Velocity 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.

Mattress Firm leased a 3,285 square foot building from SKM Peterson LC at 6520 North Highway 224 in Park City, Utah. The tenant was represented by Chad Moore and Jeff Harrison of Mountain West Retail in Utah, and Darren Pitts, and Michael Clark of Velocity Retail. This will be the first location for Mattress Firm in Park City and the store is expected to open during the first quarter of 2014.

Goodwill of Central Arizona 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. Andy Kroot of Velocity Retail represented the Tenant.

Velocity Retail Group is headquartered in Phoenix, Arizona, and provides a full range of commercial real-estate services including leasing and selling of shopping centers, tenant representation, consulting, investment consulting, development to retail tenants, and redevelopment to owners of retail real estate throughout the West. For more information, visit www.velocityretail.com or call (602) 682-8100.