Content about Geography of Arizona

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.

 

October 25, 2013

The metropolitan Phoenix retail market ended the third quarter with a retail vacancy rate at 10.5%, down nearly a full point from 11.3% a year ago, according to CBRE’s Phoenix Retail MarketView report for the third quarter.

Phoenix — The metropolitan Phoenix retail market ended the third quarter with a retail vacancy rate at 10.5%, down nearly a full point from 11.3% a year ago, according to CBRE’s Phoenix Retail MarketView report for the third quarter.

The market recorded positive absorption of 385,625 sq. ft. for the quarter and so far this year has absorbed 1.1 million sq. ft.

October 22, 2013

I’ve tapped Dave Cheatham from Phoenix-based Velocity Retail Group, an X Team International Partner, to help me examine the recent ups and downs of the local retail market in Arizona — and what the lessons learned here mean for brick and mortar retailers nationwide.

I’d like to try something a bit different for this week’s column: a market-specific conversation! I’ve tapped Dave Cheatham from Phoenix-based Velocity Retail Group, an X Team International Partner, to help me examine the recent ups and downs of the local retail market in Arizona — and what the lessons learned here mean for brick-and-mortar retailers nationwide.

July 31, 2013

Conn’s Inc. is opening a Conn’s HomePlus store in Phoenix.

The Woodlands, Texas – Conn’s Inc. is opening a Conn’s HomePlus store in Phoenix. The location marks the specialty chain’s second store in the Phoenix metro market and third store in Arizona.

Conn’s operates 72 retail locations, with 58 in Texas, six in Louisiana, three in each Arizona and Oklahoma, and two in New Mexico.

 

July 17, 2013

GDC/RE has leased a 47,036 former Phoenix Safeway to Epic Stores.

Phoenix -- GDC/RE has leased a 47,036 former Phoenix Safeway to Epic Stores. The transaction marked GDC/RE’s tenth lease of more than 10,000 sq. ft. in the last 12 months.

“Arizona has been seen as the poster child of big-box vacancy in recent years,” says Joe Doucett, co-founder and designated broker of GDC/RE. “Our firm has re-tenanted every anchor and other large-format space in our portfolio.”

 

April 5, 2013

Simon Property Group announced that it opened Phoenix Premium Outlets, the upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.

Chandler, Ariz. -- Simon Property Group announced Friday that it opened Phoenix Premium Outlets, the upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.   
 

September 13, 2012

Wal-Mart Stores Inc. said it has launched an expansion of its solar initiative in Arizona at its Buckeye distribution center near Phoenix.

Bentonville, Ark. -- Wal-Mart Stores Inc. said Thursday it has launched an expansion of its solar initiative in Arizona at its Buckeye distribution center near Phoenix.

According to the retailer, the distribution center will feature Walmart's largest solar installation to date with over 14,000 solar panels on a 1 million-sq.-ft. building and parking canopies that will produce up to 30% of the DC’s energy needs.

The solar panels will generate up to 5.3 million kilowatt hours of renewable energy per year.

September 12, 2012

Natural Grocers by Vitamin Cottage said it plans to open seven new stores by March 2013, bringing the total count to 64 in 12 states.

Denver -- Natural Grocers by Vitamin Cottage said Wednesday it plans to open seven new stores by March 2013, bringing the total count to 64 in 12 states.

In addition, the company said it has relocated and expanded one of its flagship Denver stores.

The seven new stores will be opened during the next six months in Sedona, Ariz.; Steamboat Springs, Colo.; Helena and Missoula, Mont.; Omaha, Neb.; and Denton and Lubbock, Texas.

 

July 5, 2012

Commercial Real Estate Advisors said that Rock’N Babies has relocated its store to Plaza Sonora, located in Tucson, Ariz.

Tucson, Ariz. -- Commercial Real Estate Advisors said that Rock’N Babies has relocated its store to Plaza Sonora, located in Tucson, Ariz.

The new 1,800-sq.-ft. resale boutique opened July 1.

 

March 28, 2012

Indianapolis-based Simon Property Group said that its Premium Outlets division has launched construction of Phoenix Premium Outlets, an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.

Phoenix -- Indianapolis-based Simon Property Group said Wednesday that its Premium Outlets division has launched construction of Phoenix Premium Outlets, an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.

Phoenix Premium Outlets will be located in Chandler, Ariz. Phase I of the project will be comprised of 360,000 sq. ft. housing approximately 90 outlet stores featuring high-quality designer and name brands. A spring 2013 opening is planned.

March 15, 2012

Fresh & Easy Neighborhood Market received the Environmental Protection Agency’s GreenChill Partnership’s highest award — Platinum-Level Store Certification — for green refrigeration technology at its new store in Folsom, Calif.

Folsom, Calif. -- Fresh & Easy Neighborhood Market received the Environmental Protection Agency’s GreenChill Partnership’s highest award — Platinum-Level Store Certification — for green refrigeration technology at its new store  in Folsom, Calif. It is just the second store in California, and one of just supermarkets in the nation, to achieve platinum certification.

November 17, 2011

PetSmart Inc. reported that net income for the quarter ended Oct. 30 rose 22% to $56.2 million, from $45.6 million a year earlier.

Phoenix -- PetSmart Inc. reported Thursday that net income for the quarter ended Oct. 30 rose 22% to $56.2 million, from $45.6 million a year earlier.

Revenue rose nearly 8% to $1.5 billion from $1.4 billion, just beating Wall Street’s expected $1.49 billion in revenue. Same-store sales increased 6.1%. 
 

November 7, 2011

Retail brokerage Streetsense said that Tucson, Ariz.-based fashion re-seller Buffalo Exchange will open its first store in Washington, D.C., in the first quarter of 2012.

Bethesda, Md. -- Retail brokerage Streetsense said Monday that Tucson, Ariz.-based fashion re-seller Buffalo Exchange will open its first store in Washington, D.C., in the first quarter of 2012.

Buffalo Exchange leased a two-level, 4,245-sq.-ft. store in the heart of the city’s 14th Street corridor. Streetsense also has been engaged to do the design and interior architecture for the store, which will be its 42nd U.S. location.

 

July 15, 2011

Lucescu Realty said it has opened a new regional office in Phoenix, its second office outside its California headquarters.

Newport Beach, Calif. — Lucescu Realty said it has opened a new regional office in Phoenix, its second office outside its California headquarters. The company recently opened a Las Vegas office and plans to open a San Francisco presence by year-end 2011.

In other company news, Lucescu Realty said it completed the sale of The Promenade in Scottsdale, for $110 million.  Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego. 

June 24, 2011

Commercial Retail Advisors said that Ben's Speedy Two-Wheelers is opening the first bike store in the Rita Ranch area of Tucson's southeast submarket.

Tucson, Ariz. -- Commercial Retail Advisors said that Ben's Speedy Two-Wheelers is opening the first bike store in the Rita Ranch area of Tucson's southeast submarket.

The new 2,500-sq.-ft. space is slated to open in July.

June 16, 2011

Los Angeles-based Karlin Real Estate said it has acquired through foreclosure two Phoenix-area shopping centers totaling nearly 220,000 sq. ft.

Phoenix -- Los Angeles-based Karlin Real Estate said it has acquired through foreclosure two Phoenix-area shopping centers totaling nearly 220,000 sq. ft.

The move follows the firm's purchase of a non-performing loan portfolio with an aggregate unpaid principal of approximately $65.5 million.

The Boulevard at Surprise Pointe is a 201,223-sq.-ft. lifestyle center in Surprise, Ariz., anchored by a Walgreens and UltraStar Cinemas.

May 20, 2011

Simon Property Group Inc. announced that its Premium Outlets division has reached an agreement with the Gila River Indian Community's Wild Horse Pass Development Authority to develop Phoenix Premium Outlets, an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas.

Indianapolis -- Simon Property Group Inc. announced that its Premium Outlets division has reached an agreement with the Gila River Indian Community's Wild Horse Pass Development Authority to develop Phoenix Premium Outlets, an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas. 

August 31, 2010

Supermarket chain Fry’s Food Stores has opened a Signature Marketplace superstore in Phoenix, according to...

August 9, 2010

Commercial Retail Advisors said that Mesa, Ariz.-based pet retailer Pet Club will open its first...

July 20, 2010

Commercial Retail Advisors said Wednesday that In-N-Out Burger has signed a 20-year lease with General...

May 18, 2010

Phoenix-based Vestar Development Co. announced Wednesday that Stein Mart has signed a lease to open...

March 24, 2010

Baskin Robbins franchisee, DP Ventures, LLC, said Wednesday it has signed a lease with Foothills...

January 7, 2010

Commercial Retail Advisors announced that Picazzo’s Gourmet Pizza, Salad and Pasta has leased 2,700 sq....

October 8, 2009

Donahue Schriber has announced that Christina Hundley has joined the company as a leasing representative...

October 26, 2008

Fresh & Easy Neighborhood Market has announced that it will open 11 additional Fresh &...