PHOENIX— Velocity Retail Group, LLC announces that Dollar Tree has finalized a 7 year lease for a 9,145 square foot store at Anthem Eastside Shops at the northwest corner of Anthem Way and Venture Drive. Larry Miller and John Jackson of Velocity Retail Group represented the landlord, DPC Development Company in the transaction. The tenant was represented by Kurt Kalocin of SRS Real Estate Partners. The store, which is slate to open September 1, marks the 63rd in the Phoenix Metro area.
“Dollar Tree has been seeking a site in the Anthem trade area for some time,” said Miller. “Finding suitable real estate to accommodate their size has been the challenge. Our Landlord was able to relocate an existing tenant in order to create the space for Dollar Tree,” he added.
Dollar Tree is a discount variety store that sells items for $1. The company is headquartered in Chesapeake, VA and operates over 4,900 stores in the United States and Canada.
“By working through our brokerage team at Velocity Retail we were able to creatively find a solution that works for Dollar Tree and our ownership group. This new tenant brings our center to almost full occupancy,” said Justin Lutgen, acquisition manager for DPC Development. “Dollar Tree will be a great asset to the residents of Anthem for their daily shopping needs,” he added.
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