Tempe, AZ- Velocity Retail Group, LLC announces that the first newly redesigned prototype for Popeye’s Louisiana Kitchen will be built at the southwest corner of Elliot Road and Priest Drive in Tempe, Arizona.   Dave Cheatham, President, Michael Clark, Vice President and Nick Ault, Associate of Velocity Retail Group represented Popeye’s in the transaction.  The landlord TPP JV Maricopa, LLC an entity controlled by Trigate Capital was represented by Clift Johnston of Cassidy Turley BRE.

“The site is the first of many that this new Phoenix franchisee is planning for the Arizona market.  While we have existing Popeye’s stores in our market, the Louisiana Kitchen concept it new to the chain and our market,” said Cheatham.

“Arizona is a key expansion market for our franchise company, by working with Velocity Retail we are able to maximize their experience and relationships in the market to execute our expansion plan,” said Amin Dhanini, President of HZ Props AZ, LLC the entity which will control the Arizona stores.

Popeye’s Louisiana Kitchen, Inc. is the world’s second-largest quick-service restaurant chicken concept with 2,225 stores as of the end of last year.  Popeye’s distinguishes itself with a unique “New Orleans” style menu that features spicy chicken, chicken tenders, fried shrimp and other seafood, as well as jambalaya, red beans and rice and other regional items.  Popeye’s is a highly differentiated brand with a passion for its Louisiana heritage and flavorful authentic food.

The new building will be 2,951 square feet and be located on a 23,000 square foot parcel fronting Elliot Road. It is expected to open by the 4^th quarter of this year.  “We are pleased to be able to represent Popeye’s as they roll-out this new concept to the Arizona market.  Our goal is to strategically locate A+ sites and get their stores up and running as fast as possible,” said Clark.

The following Phoenix Lease Report from the Real Estate Daily News came from the Phoenix metro area for the week January 6 – 13, 2014.

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 33^rd 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 48^th 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 2^nd 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 32^nd 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.

Submit sales and lease to REDailyNews@outlook.com.

The grand opening of Tractor Supply will be held November 9th at Frontier Crossing, located at the southeast corner of Interstate 40 and Stockton Hill Road in Kingman, Arizona. The 25,898-square-foot store will join 99 Cent Only and Sears Hometown as part of the tenant lineup for this newly redeveloped shopping center.

This will be the seventh Tractor Supply Store in Arizona. Tractor Supply is a publicly traded company with over 1245 stores in 48 states across the United States. The stores typically locate in rural communities or in the outlying areas of larger cities. The company focuses their products to serve the needs of their customers’ rural lifestyle. They carry everything that is needed to maintain farms, ranches, homes and animals. Each store team includes welders, farmers and horse owners who collectively provide an exceptional depth of knowledge and resources for their customers.

The property is being jointly developed by Accelerated Development Services and Wadsworth Development. “Tractor Supply will be a great compliment to our shopping center. 99 Cent Only and Sears Hometown opened in July. Both stores have exceeded their sales expectations. We expect the same level of success with Tractor Supply,” said Dave Cheatham, President for Accelerated Development.

Currently the shopping center has 25,000-square-feet remaining to be leased. Discussions are in progress with potential retailers who will round out the tenant mix and complete the project. The leasing team of Michael Clark and John Jackson from Velocity Retail Group are working with the ownership group on all potential new tenants.

Clark and Jackson can be reached at (602)682-6075.

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