11 new tenants are coming to Tempe Marketplace

Vestar, one of the leading privately held shopping center owners and managers in the western United States, announced 11 new tenants will join the dynamic roster of retailers at Tempe Marketplace, further elevating the shopping experience for residents and visitors alike. Totaling more than 54,000-square-feet of retail and restaurant space, the addition of these tenants brings the center to nearly 100% leased.

As the exclusive leasing brokers for Tempe Marketplace, Western Retail Advisors brokers Ryan Desmond, Charles Skaggs and Alberto Caballero represented Vestar in the new leases for Box Lunch, Escapology, Handel’s Ice Cream, J. Crew, Lululemon, LumberjAxes, Nike, Pandora Jewelry, Rowan Piercing and Strange Adventures Comics & Collectibles, and for the relocation and expansion of Hot Topic. Western Retail Advisors brokers Charles Skaggs and Noah Anastassatos also represented Handel’s in their lease negotiations.

Among the new retailers – Lululemon, Nike, LumberjAxes, Handel’s Ice Cream and Escapology have opened their doors in time for the upcoming holiday season. Highly anticipated brands including J. Crew, Rowan Piercing, Pandora Jewelry, Box Lunch, and Strange Adventures Comics & Collectibles will join Tempe Marketplace’s robust lineup of retailers in the coming months. Original Tempe Marketplace tenant Hot Topic is relocating to a new space within the property- nearly double the size- to meet the demands of the Tempe customer base. These household names bring a mix of fashion, fitness, and experiential retail to the center, enhancing the diverse offerings available to the Tempe community and beyond.

“We are excited to welcome a new wave of tenants to Tempe Marketplace. These additions underscore our commitment to offering an unparalleled shopping experience for the community,” said Taylor Alvey, Vice President of Leasing at Vestar.

Cutting-edge activewear and yoga-inspired apparel brand Lululemon, opened its doors on November 17th. Known for its innovative designs and high-quality materials, Lululemon will enhance the robust shopping options already available at Tempe Marketplace and will be conveniently located next door to Sephora. With a focus on functional and stylish activewear, Lululemon is a go-to destination for fitness enthusiasts and fashion-forward individuals alike.

Timeless American fashion brand, J. Crew will make its debut at Tempe Marketplace in the Spring 2024. Located near F21, the beloved brand known for its quality and sophisticated designs, will be another exciting addition for fashion-savvy shoppers.

Additionally, Vestar is excited to introduce Rowan Piercing, opening in early 2024 at Tempe Marketplace. Offering a personalized jewelry experience with hypoallergenic products and licensed nurses, Rowan Piercing will be located near Churro Nest and offer a wide selection of services.

Nike, a global leader in athletic footwear and apparel, joined the lineup of exceptional retailers at Tempe Marketplace this June. Located between H&M and Creations Boutique, the Nike store offers a wide range of athletic apparel and footwear for men, women, and kids.

LumberjAxes, the ultimate axe-throwing restaurant and sporting venue, also opened its doors at Tempe Marketplace this past summer near Victoria’s Secret. Spanning an impressive 13,000-square-feet, LumberjAxes offers a thrilling and immersive experience that combines axe throwing, cuisine, and a vibrant atmosphere.

Handel’s Homemade Ice Cream opened November 17th and now makes ice cream fresh every day at Tempe Marketplace, using only the finest ingredients.

Tempe Marketplace is looking forward to the opening of three other new retailers. Comic and collectible retailer Strange Adventures is currently under construction, along with Box Lunch, a community-oriented gift and apparel brand that donates a portion of each purchase to local food banks through their partnership with Feeding America®. Both are expected to open by the end of 2023, while Pandora Jewelry is scheduled to start construction in the Spring of 2024.

Existing retailer Hot Topic, a brand of music-related apparel and accessories is an original tenant of Tempe Marketplace, first opening in 2007, will relocate into a 3,000-square-feet space, set to open by the end of the year.

Tempe Marketplace remains dedicated to providing a curated selection of top-tier retailers as well as fostering an atmosphere that invites customers to gather and socialize.

For more information and updates on all that Tempe Marketplace has to offer, please visit https://tempemarketplace.com/ and for more information on Vestar, please visit www.vestar.com

 

*Lululemon is a go-to destination for fitness enthusiasts and fashion-forward individuals alike. (Photo courtesy of Vestar)

Dave’s Hot Chicken Brings the Heat to Phoenix

PHOENIX, Ariz., Nov. 15, 2023 – Dave’s Hot Chicken, a Nashville-style hot chicken restaurant from Southern California, is set to open its second location in Phoenix this week, and has plans to open several more in the coming months.

Dave’s Hot Chicken has gone from a scrappy, late-night pop-up to being the fastest growing restaurant chain in the nation. Come this Friday, November 17, Phoenix residents will be able to get their hands on the hot chicken so good, it made superstar Drake  want to invest.

Opening this Friday, the newest Dave’s Hot Chicken restaurant will be located at 475 E. Bell Rd., Suite 172, in the Target Shopping Center at the corner of Bell Road and 7th Street. It will be open seven days a week from 10 a.m. until 1 a.m.

The endcap restaurant – which features an outdoor patio, locally inspired street art and plenty of patron parking – will be owned and operated by franchisees and brothers Devon and Clinton Wesselink of Elevated Restaurant Group AZ.

“We are bringing even more heat to the desert with Dave’s Nashville hot chicken,” said Devon Wesselink. “This is our first Dave’s location in the city of Phoenix but we are actively seeking more location opportunities throughout the market, with a focus on expanding in the West Valley.”

Dave Uhles and Alberto Caballero of Western Retail Advisors represented Elevated Restaurant Group in the transaction.

“There’s a cool factor about the Dave’s Hot Chicken brand that has boosted its already rapid growth across the country and attracted celebrity investors,” said Caballero. “We are excited to continue to be a part of the brand’s expansion plans in Arizona and to capitalize on this state’s love of quick serve restaurant concepts.”

Dave’s Hot Chicken specializes in Hot Chicken Tenders and Sliders, along with sides of house-made Kale Slaw, creamy Mac n’ Cheese, crispy, seasoned French Fries, and Shakes. Offered at various spice levels ranging from No Spice to Reaper™ (which requires a signed waiver for those who dare), each piece of juicy, hand-breaded chicken is spiced-to-order.

“Our founders started Dave’s as a parking lot pop-up restaurant in Hollywood with a portable fryer and picnic tables from their backyards just six short years ago. We’re thrilled to be opening our second restaurant in Phoenix,” said Bill Phelps, Dave’s Hot Chicken’s CEO.

About Dave’s Hot Chicken
In a modern-day American dream story, three childhood friends, Chef Dave Kopushyan, Arman Oganesyan and Tommy Rubenyan, scraped together $900 in 2017 to launch Dave’s Hot Chicken in a parking lot, portable fryers and folding tables in tow. Dave’s Hot Chicken quickly took off, opening an East Hollywood brick-and-mortar restaurant shortly after, with support from Tommy’s brother, Gary. In 2019, the team struck a deal with Wetzel’s Pretzels co-founder and former CEO, Bill Phelps, and movie producer John Davis to begin franchising the Dave’s Hot Chicken concept throughout the U.S. and beyond.  The company has sold the rights to more than 700 franchise locations in the U.S., Middle East and Canada and will open 70-plus locations this year. Harkening back to an Eater LA blog that helped propel early interest in the brand, the company’s mission is to “blow their minds.” Additional brand investors include Billboard’s Artist of the Decade, Drake, former California First Lady Maria Shriver, actor Samuel L. Jackson, and Good Morning America anchor and retired NFL player Michael Strahan.

WRA FOUNDING PARTNER ERIC TERMANSEN SELECTED AS 2024 PEOPLE TO KNOW

 

Eric Termansen
Founding Partner
Western Retail Advisors

 

Termansen’s career in commercial real estate spans more than three decades, the last 22 years of which he has served as the founding partner of Western Retail Advisors (WRA). Under Eric’s direction, WRA has grown to represent more than 175 tenants and over 90 landlords with 15 million square feet of consumer-focused real estate.

 

No. 1 on the commercial real estate bucket list:

“To see my team exceed what they think is possible. Many of our brokers joined our firm with limited brokerage experience or even as new to the industry. Creating a culture and infrastructure that allows people to build great lives for their families makes me want to be around for a long time to watch – and help – them achieve their goals.”

Western Retail Advisors Adds Vice President, Senior Associate to Phoenix Team

Industry veteran Darrell Deshaw and up-and-comer Rachel Bliss grow retail brokerage

PHOENIX, Oct. 31, 2023 – Phoenix-based retail specialist Western Retail Advisors (WRA) has expanded its Phoenix brokerage team, adding industry veteran Darrell Deshaw as Vice President and Rachel Bliss as Senior Associate.

Deshaw brings 18 years of commercial real estate experience spanning over $400 million in nationwide investment sales and acquisitions for developers, investors and national franchise tenants. He also enjoys a track record of site selection, land and lease transactions, including the representation of national Quick Serve Restaurant (QSR) operators seeking high-value locations in emerging metro Phoenix submarkets.

As Senior Associate, Bliss specializes in site selection, market expansion planning, relocation strategies and lease negotiations for regional and national tenants and landlords. Currently, she represents 7Brew, Fleet Feet, The Ballpark, Tillys and Zoom Room.

“Corporate culture is extremely important to us, particularly our commitment to respect, integrity, teamwork and the pursuit of excellence,” said Western Retail Advisors Founding Partner Eric Termansen. “Darrell and Rachel embody all of these characteristics. We are excited to grow and achieve alongside of them, as we work to serve our clients at a time of unprecedented Phoenix retail demand.”

Recognized as a top-performing broker, Deshaw’s career spans brokerage and sales roles for leading national commercial real estate groups such as Kidder Mathews, CBC Advisors, NAI Horizon and CoStar Group. He holds dual bachelor’s degrees in International Business and International Marketing from Florida Atlantic University. He has been a member of ICSC since 2007.

Bliss joins WRA from Equity Retail Brokers, a highly regarded Philadelphia-based brokerage firm, where she covered retail markets in Delaware, New Jersey and Pennsylvania. She holds a bachelor’s degree in Business Administration from Drexel University. She is an active member of ICSC, NAIOP and Urban Land Institute.