X Team Partner Velocity Retail Group Completes Lease for 104,967-square-foot At Home Retail Store in Metro Phoenix
By: Amanda Braniecki
PHOENIX, August 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 a lease with At Home for a 104,967-square-foot retail store in Tempe, Ariz. The new At Home concept is owned and operated by Garden Ridge, which has more than 30 years experience in the ever-evolving home décor category. Velocity Retail Group Executive Vice President Darren Pitts made the announcement.
A décor superstore that provides selections of patio furniture, wall décor, and decorative accents, rugs and housewares, At Home retail store recently opened at the Arizona Mills shopping center, located at the northeast corner of Baseline Road and Interstate 10.
“The At Home concept is an exciting brand with great growth potential in the Phoenix market,” said Pitts. “This is an excellent location and it will serve the greater Phoenix area well.”
Pitts negotiated the three-year lease on behalf of At Home. He also represented At Home for a location in the Phoenix area in 2012, which was the first expansion location for the retailer in the western United States.
The landlord, Simon Property Group, was represented by Todd Folger of CBRE.
To download a photo of the At Home store, please click on the images below.
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.