Velocity’s seven recent retail transactions total in 57,000 square feet
PHOENIX, July 14, 2014—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced that partner Velocity Retail Group has completed deals with Goodwill of Central Arizona and six other retailers in the metropolitan Phoenix market.
Goodwill of Central Arizona will open a 27,600-square-foot retail store in Chandler, Ariz., located at Arizona Avenue and Riggs Road. Andy Kroot of Velocity Retail Group negotiated the 10-year lease agreement on behalf of Goodwill Industries. Bob Rusing of Arizona Partners Retail represented the landlord, Greenway 32 LLC.
“We are pleased to represent Goodwill to bring another storefront to the area,” said Kroot. “More retailers are realizing the potential of this growing Phoenix market and are actively searching for prime locations.”
Velocity Retail Group has also finalized a number of restaurant lease agreements, which will bring additional dining options to the region. The new restaurants include a 5,695-square-foot Denny’s location in Phoenix, two 2,500-square-foot Tokyo Joe’s locations in Chandler and Gilbert, and a 3,797-square-foot Yummi Sushi location in Phoenix.
Among Velocity’s other recent retail transactions include a 4,000-square-foot Sherwin Williams building materials store in Phoenix and a 4,056-square-foot Uptown Cheapskate teen clothing resale store in Chandler.
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About X Team
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services,property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.
About Velocity Retail Group
Headquartered in Phoenix, Arizona, Velocity Retail Group 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.