Content about Arizona

March 31, 2014

Whole Food Market will purchase four stores from New Frontiers Natural Marketplace.

Austin, Texas -- Whole Food Market will purchase four stores from New Frontiers Natural Marketplace. The stores, which average 22,000 sq. ft., are located in Flagstaff, Prescott and Sedona, Ariz.; and San Luis Obispo, Calif. The two companies expect the transaction to be finalized in the next few weeks.

The stores will continue to operate under the New Frontiers Natural Marketplace banner until they are re-signed as Whole Foods Market stores.

March 26, 2014

DSW, Nordstrom Rack and Total Wine & More have leased space at the 1.3 million-sq.-ft. Tempe Marketplace in Tempe, Ariz.

Tempe, Ariz. — DSW, Nordstrom Rack and Total Wine & More have leased space at the 1.3 million-sq.-ft. Tempe Marketplace in Tempe, Ariz.

DSW will open a 20,000-sq.-ft. store in mid April. Nordstrom Rack plans to open a 35,000-sq.-ft. store in October. Total Wine & More, the largest independent fine wine retailer in the country, will occupy 20,000 sq. ft. and plans to open in October.

Vestar developed and owns Tempe Marketplace.
 

February 27, 2014

Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in Scottsdale Fashion Square, Scottsdale, Ariz.

New York -- Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in Scottsdale Fashion Square, Scottsdale, Ariz. The store, slated to open in spring 2014, will carry the complete range of Robert Graham, including men's sportswear, premium denim, footwear, furnishings, accessories, outerwear, and women's sportswear.  

February 27, 2014

Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in Scottsdale Fashion Square, Scottsdale, Ariz.

New York -- Robert Graham has signed a new lease agreement to open a branded retail store featuring the full Robert Graham collection in Scottsdale Fashion Square, Scottsdale, Ariz. The store, slated to open in spring 2014, will carry the complete range of Robert Graham, including men's sportswear, premium denim, footwear, furnishings, accessories, outerwear, and women's sportswear.  

February 14, 2014

Westwood Financial Corp., a national owner-operator of shopping centers, has completed remodeling work at North Park Plaza shopping center in Phoenix, Ariz. Safeway anchors the center. Regional and national tenants include Frazee Paint, Peter Piper Pizza, Subway and Great Clips.

Los Angeles, Calif. — Westwood Financial Corp., a national owner-operator of shopping centers, has completed remodeling work at North Park Plaza shopping center in Phoenix, Ariz. Safeway anchors the center. Regional and national tenants include Frazee Paint, Peter Piper Pizza, Subway and Great Clips.

Improvements to the 101,361-sq.-ft. center include a new façade, covering columns with stone, refreshed landscaping and a two-tone paint color scheme.

February 13, 2014

Sidecar, a craft beer and cocktail bar, will open in June in Tucson, Ariz., at Broadway Village plaza.

Tucson, Ariz. — Sidecar, a craft beer and cocktail bar, will open in June in Tucson, Ariz., at Broadway Village plaza. The 963-sq.-ft. space will seat about 40 people inside and 12 or so people outside on the patio. Commercial Retail Advisors represented the landlord, CRI Broadway Village Partners in the transaction. Sidecar represented itself.

 

 

February 11, 2014

Hastings Entertainment, a 136-unit multimedia entertainment retail chain, has signed an agreement for Actions Services Group to provide interior lighting maintenance to locations in the states of Arizona, Arkansas, Colorado, Montana, New Mexico, Oklahoma, Texas and Wyoming.

Aston, Pa. -- Hastings Entertainment, a 136-unit multimedia entertainment retail chain, has signed an agreement for Actions Services Group to provide interior lighting maintenance to locations in the states of Arizona, Arkansas, Colorado, Montana, New Mexico, Oklahoma, Texas and Wyoming.

January 29, 2014

Conn’s announced the opening of four Conn’s HomePlus stores, with locations in Albuquerque, N.M.; Amarillo, Texas; Chandler, Arizona; and Shreveport, Louisiana.

The Woodlands, Texas -- Conn’s announced the opening of four Conn’s HomePlus stores, with locations in Albuquerque, N.M.; Amarillo, Texas; Chandler, Arizona; and Shreveport, Louisiana.

The new HomePlus store format showcases furniture and mattresses in addition to the leading brands and the latest technologies in consumer electronics and home appliances.  

January 15, 2014

Bashas’, a family owned and operated supermarket retailer in the western United States, recently installed energy-efficient LED lighting from Cree, to better illuminate its Tempe, Ariz., location.

DURHAM, N.C. — Bashas’, a family owned and operated supermarket retailer in the western United States, recently installed energy-efficient LED lighting from Cree, to better illuminate its Tempe, Ariz., location.

The newly renovated store features luminaires powered by Cree TrueWhite technology, delivering superior light quality that helps make products more attractive to customers, while enjoying the benefits of a quick payback and an anticipated energy savings of 47% over the store’s previous design.

January 15, 2014

Bashas’, a family owned and operated supermarket retailer in the western United States, recently installed energy-efficient LED lighting from Cree, to better illuminate its Tempe, Ariz., location.

DURHAM, N.C. — Bashas’, a family owned and operated supermarket retailer in the western United States, recently installed energy-efficient LED lighting from Cree, to better illuminate its Tempe, Ariz., location.

The newly renovated store features luminaires powered by Cree TrueWhite technology, delivering superior light quality that helps make products more attractive to customers, while enjoying the benefits of a quick payback and an anticipated energy savings of 47% over the store’s previous design.

January 14, 2014

Big-box retail space in Tucson, Ariz., has been leasing up, with the highest demand focused in core regional mall hubs.

Tucson, Ariz. — Big-box retail space in Tucson, Ariz., has been leasing up, with the highest demand focused in core regional mall hubs. Big-box spaces in peripheral areas of the city remain vacant.

In the Park Place Mall area, for instance, big box properties are nearly fully leased, with some saying the area is ripe for redevelopment to accommodate future demand.

December 20, 2013

Dickey’s BBQ Pit has signed a 2,700-sq.-ft. lease at the Plaza Escondida Shopping Center in Tucson, Ariz.

Tucson, Ariz. — Dickey’s BBQ Pit has signed a 2,700-sq.-ft. lease at the Plaza Escondida Shopping Center in Tucson, Ariz. Keller Williams Southern Arizona represented the tenant in the transaction. CBRE represented the landlord, Roseville Tucson LLC.

December 20, 2013

Dickey’s BBQ Pit has signed a 2,700-sq.-ft. lease at the Plaza Escondida Shopping Center in Tucson, Ariz.

Tucson, Ariz. — Dickey’s BBQ Pit has signed a 2,700-sq.-ft. lease at the Plaza Escondida Shopping Center in Tucson, Ariz. Keller Williams Southern Arizona represented the tenant in the transaction. CBRE represented the landlord, Roseville Tucson LLC.

December 20, 2013

Yotagious Frozen Yogurt of Thatcher has leased a 1,500-sq.-ft. space at the Gila Valley Shopping Center in Thatcher, Ariz., and plans to open in the early spring of 2014.

Tucson, Ariz. — Yotagious Frozen Yogurt of Thatcher has leased a 1,500-sq.-ft. space at the Gila Valley Shopping Center in Thatcher, Ariz., and plans to open in the early spring of 2014.

The Tucson office of CBRE represented Gila Valley’s owners in the transaction.

December 16, 2013

Floor & Décor has signed a long-term lease for a 58,205-sq.-ft. space at ABC Retail Center in Tucson, Ariz.

Tucson, Ariz. — Floor & Décor has signed a long-term lease for a 58,205-sq.-ft. space at ABC Retail Center in Tucson, Ariz. It will be the specialty retailer’s first location in Tucson.

CBRE represented Floor & Décor in the transaction. The landlord, ABC Broadway/Kolb Center LLC of Tucson represented itself.

December 9, 2013

CBRE has completed the sale of a single tenant net leased Kohl’s department store at the Alameda Crossing shopping center in Avondale, Ariz.

Phoenix — CBRE has completed the sale of a single tenant net leased Kohl’s department store at the Alameda Crossing shopping center in Avondale, Ariz. The 88,402-sq.-ft. retail property on 8.89 acres commanded a price of $10.6 million.

CBRE’s Phoenix office represented both the buy and the seller in the transaction. The seller was La Jolla, Calif.-based Collins Family Trust, Stanford Decedents Trust and Sarn Family Trust. The buyer was Investors Associated LLP of Oconomowoc, Wis.

December 5, 2013

The Tabani Group has acquired the 578,666-sq.-ft. Prescott Gateway Mall in Prescott, Ariz.

Phoenix — The Tabani Group has acquired the 578,666-sq.-ft. Prescott Gateway Mall in Prescott, Ariz., according to CBRE, the broker that represented the undisclosed seller in the transaction.

 

December 5, 2013

The Tabani Group has acquired the 578,666-sq.-ft. Prescott Gateway Mall in Prescott, Ariz.

Phoenix — The Tabani Group has acquired the 578,666-sq.-ft. Prescott Gateway Mall in Prescott, Ariz., according to CBRE, the broker that represented the undisclosed seller in the transaction.

 

December 4, 2013

Togo's Eateries has opened its first restaurant in Tempe, Ariz., owned by current Togo's franchisees, Monty and Diana Coury, who opened the first Togo's restaurant in Gilbert, Ariz., last year.

Tempe, Ariz. -- Togo's Eateries has opened its first restaurant in Tempe, Ariz., owned by current Togo's franchisees, Monty and Diana Coury, who opened the first Togo's restaurant in Gilbert, Ariz., last year.

"Since opening our first restaurant in Gilbert, we've seen a tremendous amount of support from the community and there is still a huge potential for growth in the market,” said Monty Coury.

December 2, 2013

WinCo Foods will open a store in Glibert, Ariz., on Dec. 5.

Boise, Idaho -- WinCo Foods will open a store in Glibert, Ariz., on Dec. 5. The supermarket occupies approximately 97,000 sq. ft. and will include WinCo's new red and black decor package that creates a solid, clean feel and coordinates with the hundreds of new WinCo Foods private label products the company has recently introduced.  

November 27, 2013

Conn’s has opened two new HomePlus stores in Scottsdale, Ariz., and Laredo, Texas.

The Woodlands, Texas -- Conn’s has opened two new HomePlus stores in Scottsdale, Ariz., and Laredo, Texas. The new Conn’s HomePlus store format showcases furniture and mattresses in addition to consumer electronics and home appliances.

Conn’s currently operates more than 70 retail locations in Texas, Louisiana, Arizona, Oklahoma and New Mexico.

November 21, 2013

DSW Designer Shoe Warehouse has taken 20,000 sq. ft. at Tempe Marketplace in Tempe, Ariz., according the CBRE, which represented DSW in the negotiations.

Phoenix — DSW Designer Shoe Warehouse has taken 20,000 sq. ft. at Tempe Marketplace in Tempe, Ariz., according the CBRE, which represented DSW in the negotiations. Vestar represented Tempe Marketplace.

Developed by Vestar in 2007, Tempe Marketplace is an interactive shopping, dining and entertainment destination featuring 1.3 million sq. ft. of retail space. The tenant list now includes DSW plus Target, Cost Plus World Market, Old Navy, J.C. Penney, Gap and Best Buy. It is also the first Arizona location for Dave & Busters.

 

November 13, 2013

Corner Bakery Cafe announced the company has signed two new multi-unit franchise agreements to open new restaurants in Arizona and introduce its first restaurants in Wisconsin beginning in 2014.

Dallas -- Corner Bakery Cafe announced the company has signed two new multi-unit franchise agreements to open new restaurants in Arizona and introduce its first restaurants in Wisconsin beginning in 2014.

The fast-casual brand's new franchise partners include Blue Mountain Cafes, which plans to open 13 restaurants in Phoenix over the next seven years and Neo Fourno Inc., which plans to open ten new restaurants in Madison and Milwaukee over the next five years

November 1, 2013

Mama’s Hawaiian Bar-B-Cue has signed a lease for a 2,000-sq.-ft. restaurant in Cortaro Plaza in Tucson, Ariz.

Tucson, Ariz. — Mama’s Hawaiian Bar-B-Cue has signed a lease for a 2,000-sq.-ft. restaurant in Cortaro Plaza in Tucson, Ariz. The new location, the third for the young chain, is expected to open in mid-January 2014. The first two locations are near the University of Arizona and in Sahuarita, Ariz., a Tucson suburb.

Commercial Retail Advisors represented both the landlord, Cortaro Investments and the tenant, Mama’s Family Restaurants in the lease transaction.

October 30, 2013

Little Caesar Enterprises has signed a 1,494-sq.-ft. lease in Northgate Plaza in Tucson, Ariz.

Tucson, Ariz. — Little Caesar Enterprises has signed a 1,494-sq.-ft. lease in Northgate Plaza in Tucson, Ariz. Expected to open in the first quarter of 2014, it will be Little Caesars Pizza’s sixteenth store in Tucson.

Commercial Retail Advisors represented the landlord, TNP SRT Portfolio I, and Retail Advisors Southwest represented Little Caesar Enterprises.