Content about Phoenix

May 5, 2014

WinCo Foods LLC has announced that it will begin shipping from its new distribution center in Phoenix.

Boise, Idaho — WinCo Foods LLC has announced that it will begin shipping from its new distribution center in Phoenix. With more than 900,000 sq. ft., the new center will service 19 WinCo Foods stores located in Arizona, Southern Nevada and Southern California, a little more than half of the facility’s capacity.

May 5, 2014

WinCo Foods LLC has announced that it will begin shipping from its new distribution center in Phoenix.

Boise, Idaho — WinCo Foods LLC has announced that it will begin shipping from its new distribution center in Phoenix. With more than 900,000 sq. ft., the new center will service 19 WinCo Foods stores located in Arizona, Southern Nevada and Southern California, a little more than half of the facility’s capacity.

May 2, 2014

WinCo Foods LLC will begin shipping from its newest distribution center in Phoenix, on May 14.

Boise, Idaho - WinCo Foods LLC will begin shipping from its newest distribution center in Phoenix, on May 14. The center, which includes more than 900,000 sq. ft. of warehouse space, will initially service 19 WinCo Foods stores located in Arizona, Southern Nevada and Southern California.  

May 1, 2014

Vestar has appointed Clint Marchuk VP of acquisitions.

Phoenix — Vestar has appointed Clint Marchuk VP of acquisitions. His responsibilities include identifying, evaluating and carrying out shopping center acquisitions in Arizona, Utah, Colorado, New Mexico and Texas.

April 23, 2014

The Kroger Co. said that its Fry's Marketplace store in Phoenix marks the 500th Kroger location to earn the Energy Star designation from the U.S. Environmental Protection Agency and U.S. Department of Energy.

Cincinnati -- The Kroger Co. said that its Fry's Marketplace store in Phoenix marks the 500th Kroger location to earn the Energy Star designation from the U.S. Environmental Protection Agency and U.S. Department of Energy.

April 8, 2014

Burger 21 has announced plans to expand in the Phoenix, market with franchise developments.

Tampa, Fla. — Burger 21 has announced plans to expand in the Phoenix, market with franchise developments. The fast-casual restaurant is currently developing two Arizona locations in Scottsdale and Chandler. Both will open later this year. To date, Burger 21 has 12 open locations and 18 franchised restaurants in development across the country.

March 5, 2014

Phoenix-based Sprouts Farmers Markets Inc. is expanding. The natural-foods supermarket chain expects to open 22 to 24 stores in fiscal 2014, including five locations in the Atlanta area.

New York -- Phoenix-based Sprouts Farmers Markets Inc. is expanding. The natural-foods supermarket chain expects to open 22 to 24 stores in fiscal 2014, including five locations in the Atlanta area.

Sprouts currently operates more than 165 locations in eight states.

Meanwhile, Gap Inc. continues to expand its newest banner, Athleta, with about 30 additional U.S. stores on tap for fiscal year 2014.

In more store expansion news:

February 27, 2014

CBRE has completed the sale of West Start Plaza, a 9,300-sq.-ft. retail building on N. 893rd Avenue in Phoenix.

PhoenixCBRE has completed the sale of West Start Plaza, a 9,300-sq.-ft. retail building on N. 893rd Ave. in Phoenix. Fully leased at the time of sale, the building commanded a price of $725,000. CBRE represented the seller, Robert J. Tufts, trustee of the Robert J. Tufts Revocable Living Trust of Salem, Ore. Patriot Commercial Properties represented the buyer, Arhtom Investments LLC.

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.

January 14, 2014

PetSmart Inc. announced changes to its management team in conjunction with the retirement of its president and COO, Joseph O’Leary.

Phoenix -- PetSmart Inc. announced changes to its management team in conjunction with the retirement of its president and COO, Joseph O’Leary.

PetSmart CEO, David Lenhardt, will assume the title of president and CEO when O’Leary steps down. The company will not replace the COO position. Instead it will realign the responsibilities among four newly created executive VP positions, with Lenhardt assuming the title of president and CEO, with the changes effective April 4, 2014.   

December 20, 2013

Jones Lang LaSalle is expanding its retail brokerage platform into Phoenix.

PhoenixJones Lang LaSalle is expanding its retail brokerage platform into Phoenix. Tyson Switzenberg will lead the firm’s new Phoenix practice. Senior Associate John Reva and Associate Trask Switzenberg will join him.

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 2, 2013

Real estate plays a key role in optimizing retail store portfolios. Stores must have enough square footage but never too much. Portfolios must also match the number of stores across regions to customer demand. 

“Portfolio optimization means reducing or adding store square footage and matching merchandising and inventory to customer demand in a trade area,” said Kenneth Katz, principal with Houston-based Baker Katz. 

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 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.

October 22, 2013

RS Real Estate Partners welcomes Jon Cowen as senior VP in the Phoenix office.

Dallas — SRS Real Estate Partners welcomes Jon Cowen as senior VP in the Phoenix office. Cowen bring 24 years of experience in commercial real estate to SRS, where he will focus on representing local and national retailers, shopping center leasing and development and investment sales.

Previously, Cowen worked with the Retail Advisory Group at Cushman & Wakefield after Cushman acquired his own real estate firm, Cowen Commercial.

October 3, 2013

Power centers have proven themselves to be a resilient asset class in recent years. First the recession cut into business. Then e-commerce leveled some of their big-box tenants, hurt others and ignited a downsizing trend. 

Yet research from Washington, D.C.-based CoStar Group shows that only 2% of power centers have vacancy rates of 40% or higher and probably won’t recover. Another 6% have vacancy rates of 20% to 40% and are in serious condition but may recover.

After all the carnage, only a little more than 2% can’t recover? How can that be?

August 5, 2013

During July, SRS Real Estate Partners www.srsre.com executed a host of transactions in major cities across the country:

Dallas — During July, SRS Real Estate Partners executed a host of transactions in major cities across the country:

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.”

 

June 11, 2013

Brett Sheets, senior VP leasing for Phoenix-based Cole Real Estate Investments, sat down with Chain Store Age senior editor Katherine Boccaccio for an exclusive video interview at RECon 2013 in Las Vegas.


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May 7, 2013

Editor's Note: Chain Store Age's 24th annual survey of Fastest-Growing Acquirers measured retail square footage purchased during the 2012 calendar year.

This year's Fastest-Growing Acquirers range from list regulars to newcomers, a clear sign that retail is returning as a favored sector for growth.

A recovering economy continues to make retail an appealing category for operators and investors alike and, as might be expected, this year's fraternity contains some of the industry's major consolidators. Yet it also holds investment funds branching into new sectors.

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.   
 

March 4, 2013

SRS Real Estate Partners announced that Sean Thomas has been named first VP of the company’s Phoenix office.

Dallas -- SRS Real Estate Partners announced that Sean Thomas has been named first VP of the company’s Phoenix office.
 
Thomas will focus on disposition and investment services in his new position.