tonyelliott

mm

About Tony Elliott

This author has not yet filled in any details.
So far Tony Elliott has created 9 blog entries.
16 11, 2015

Velocity Retail Group’s Affiliate Accelerated Development Services Announces New Tenants for Forum Crossing in San Antonio

By |2019-05-22T13:44:17-07:00November 16th, 2015|Development, Partnership|0 Comments

The long-vacant K-Mart in the San Antonio, Texas suburb of Universal City will soon become a vibrant and welcoming place for shoppers. Velocity Retail Group’s, affiliate Accelerated Development Services, in a joint venture with Fortune International Properties purchased the 11 acre site which included the former K-Mart building. The property will return to its original roots as it is being redeveloped into a retail center that will include over 118,000 square feet of retail space, including 81,500 square feet for junior anchors, 11,500 square feet of shops and pad sites for restaurants. The site is located at 3150 W. Pat Booker Road, Universal City, TX. Mega Furniture is the first signed tenant in the project with a 28,400 square foot lease. Mega Furniture is [...]

9 01, 2013

Accelerated Development Buys High Profile Site in Chandler, Arizona

By |2019-05-22T13:44:19-07:00January 9th, 2013|Development, Partnership|0 Comments

Chandler, AZ – Just before the holiday break, Wadsworth Development and Accelerated Development closed on 1.7 acres of raw land at the southwest corner of Germann and Gilbert in Chandler, Arizona. The partnership closed the deal under their joint venture agreement with Salt Lake City-based Wadsworth and was a 1031 exchange. Interested parties ranging from sit-down restaurants, fast food uses, to shop tenants have expressed interest in the development. Exxon Mobil owned the land for years and had originally intended to build a gas station on the property. Since they’ve exited the retail fuel business, they put the land on the market for sale and had multiple legitimate suitors. Dave Cheatham with Velocity Retail Group represented the buyer and commented on the sale, “This was a very [...]