Pima Center Flex Building in Scottsdale Fully Leased Upon Completion

Pima Center, 9175 E Pima Center Pkwy., Scottsdale, AZ

75,000 SF Second Building Planned for Completion and Full Occupancy by Year-End

Scottsdale, Arizona — MainSpring Capital Group, developer of the 232-acre master planned Pima Center, has fully leased the latest of its flex industrial buildings at the business park.  The first building, at 9160 E. Del Camino Dr. in Scottsdale, was leased in its entirety prior to its completion.  The second building, located at 9175 E. Pima Center Parkway will be completed in the next 30 days. The two-building project, is the first industrial project built in the North Scottsdale submarket in nearly 10 years.

The two buildings, each containing approximately 75,000 square feet of flex industrial space, were started in late 2016.  “We experienced rapid and enthusiastic interest in these properties,” says Curtis Brown, principal with MainSpring Capital Group.  “The tenants interested in Building B had immediate needs for occupancy, so we focused our efforts on completing that structure first.  We have finished that building and our first two tenants have moved in.  The second building is almost done and we currently have proposals out that would take up all that space, too.”

iMemories leased 34,167 square feet in the project and took occupancy in late September.  iMemories is a Lifetouch Company that enhances and transforms customer’s home movies and old photos into a digital format for permanent storage and cloud-based access. This location serves as iMemories’ company headquarters and production/conversion facility.

Mountain West Distributors leased 9,810 square feet within the building and took occupancy of the space in late October.  Based in Salt Lake City, the company is the largest regional distributor of home, car and security consumer electronics in the Intermountain West.

A third yet to be disclosed tenant has signed for the remaining two suites and will occupy the balance of the building within the next 30 days.

Shawn Dooley and Kyle McGinley of Ross Brown Partners serve as exclusive leasing agents for  MainSpring Capital Group  and the buildings at Pima Center.




La-Z-Boy of Arizona Buys Land for 10th Arizona Location

La-Z Boy 150Phoenix, AZ – Phoenix-based Velocity Retail Group’s Darren Pitts and Bob Crum of Ross Brown Partners represented La-Z-Boy Furniture Galleries of Arizona, in the purchase of a 1.65 acre parcel at 5584 E. State Route 69, Prescott Valley, Arizona. Located in the Crossroads Shopping Center in Prescott Valley, this will be the furniture retailer’s newest location in Northern Arizona.

The seller in the transaction, Kitchell Development Company, was represented by Greg Laing of Phoenix Commercial Advisors. La-Z-Boy will construct a 14,000 +/- square foot building on the parcel, which is situated directly on Highway 69 at the main entrance to Hobby Lobby and Home Depot.

Darren Pitts, executive vice president with Velocity Retail Group has worked with Ed Breunig, CEO for several years during La-Z-Boy’s market expansion throughout Arizona. “This is a highly visible parcel in the heart of Prescott Valley’s newest shopping center development that boasts over 1.3 million square feet of retail across both sides of Highway 69. Our new store will be perfectly positioned within this retail corridor and will be a great addition to the retailer line-up serving Prescott and the surrounding area,” said Pitts.

Ed Breunig commented, “This store will be our 10th location in Arizona and will also have the full complement of La-Z-Boy offerings for our customers including design services, and personal shopping.” The new location is expected to open in September of 2016.

La-Z-Boy started producing their first recliner in 1928. The company prides itself on the principals of comfort, innovation, and industry-leading craftsmanship. Nearly all La-Z-Boy furniture is built in the U.S.A. from domestic and imported materials. La-Z-Boy currently sells products in these markets: America, Asia, the United Kingdom, Australia, New Zealand, Latin America, Europe, the Middle East, and Africa.




The Dump Furniture Outlet Leases 156,410 SF Warehouse in Tempe

6655 S Kyrene, Tempe
6655 S Kyrene, Tempe

Phoenix, Arizona –  Velocity Retail Group, LLC announces that The Dump Furniture Outlet, a subsidiary of Virgina-based Haynes Furniture Company, Inc. has finalized the lease of a 156,410-square-foot warehouse at 6655 S. Kyrene Road in Tempe, Arizona.

Darren Pitts represents The Dump nationwide for new site selection. The Dump is one of America’s top furniture outlet stores, the parent company is ranked 28th in Furniture Today’sTop 100 Furniture Stores” rankings for 2012.  The Dump buys overstocks, one-of-a-kinds, factory sell outs, showroom models and design prototypes. All products are brand new merchandise offered at huge savings to the customer. Learn more about this retailer at www.thedump.com

Darren Pitts, Executive Vice President at Velocity Retail Group and Bob Crum of Ross Brown Partners represented The Dump in the transaction.  The landlord, CLPF-Kyrene 3, LP, an entity controlled by Clarion Partners, LLC, was represented by Jones Lang LaSalle.

“The site is our existing logistics and operations location which supports the retail store at Elliot and Interstate 10.  We were pleased to be able to secure the location for an additional five years as this asset is an integral part for The Dump’s operations in Arizona,” said Pitts.

Pitts can be reached at (602) 682-8100. Crum is at (480) 362.9521. Headquarters for The Dump can be contacted (804) 262-6480