2 05, 2013

Accelerated Development Hires Sedberry & Associates to Lease Target Anchored Center in East Albuquerque

By |2019-05-22T13:44:19-07:00May 2nd, 2013|Development, Partnership|0 Comments

Market Center Crossing Accelerated Development partnered with Q Real Estate earlier this year to acquire a 143,557 square foot Power Center in Albuquerque, New Mexico. The project is located at the northeast corner of Interstate 40 and Eubank and is shadow anchored by Target.  In the few short months the group has owned the project a complete exterior transformation is already under way.The new ownership recently brought on board seasoned real estate broker John Sedberry, Principal for Sedberry & Associates as the leasing team in for the shopping center.  “The shopping center is in an established trade area in east Albuquerque with an existing shadow anchor of Target, Conn’s Appliances and Babies ‘R Us,” said Dave Cheatham, Managing Principal at Accelerated Development.  “We [...]

11 04, 2013

Accelerated Development Services Opens First 99 Cent Only Store in Kingman

By |2019-05-22T13:44:19-07:00April 11th, 2013|Development, Partnership|0 Comments

Kingman, Arizona – 99 Cent Only will kick-off the new tenant line-up at Kingman Crossing in Kingman, Arizona with a 17,136 square foot store.  They’ve inked the first lease in the 82,000 square foot center with negotiations winding down on the rest of the remaining occupancy.  The property, which is being jointly developed by Accelerated Development Services and Wadsworth Development, is undergoing a complete redevelopment and update, transforming from a tired neighborhood grocery location turned call-center into a vibrant and relevant property. The property, which is located at the southeast corner of Interstate 40 and Stockton Hill road, is absolute ground zero for this regional town.  Dave Cheatham, Managing Principal with Accelerated Development Services commented on the deal, “We are pleased to have this national value-oriented [...]

19 02, 2013

Accelerated Completes 10,000 Square Foot Rehab on Bank Foreclosure in Logan Utah

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

Accelerated Development, through their joint venture with Wadsworth Development recently completed the purchase of a 10,000 square foot building at 1145 N. Main Street in Logan, Utah.  The highly visible building is in the heart of the retail district. Before Development After Redevelopment Located just south of the Cache Valley Mall and across from Home Depot, the building had gone through foreclosure and was lender owned.  Pat Sauer of Accelerated Development commented on the acquisition, “We thought this building would work for one of our retailers.  When working with the lenders we typically have to close very quickly, as lenders are interested in price, but they are even more interested in certainty.”  After a short due diligence period, the group closed on the property, [...]

15 01, 2013

Accelerated Development Redevelops Flagstaff Mall Property

By |2019-05-22T13:44:19-07:00January 15th, 2013|Development, Partnership|0 Comments

Accelerated Development along with its Joint Venture partner Wadsworth Development recently completed the redevelopment of the 12,000 square foot former Designs West furniture store in Flagstaff, Arizona. Located along US Highway 89 at the main entrance to the Flagstaff Mall, the building was in need of a facelift, parking improvements and a complete remodel.  Accelerated had several leasing options ranging from fast food, general retail, banks, and a national brand coffee shop.  Due to the high profile location, visibility and regional nature of the property, Mattress Firm wanted to lease the entire 12,000 square feet for a Northern Arizona flagship store. Darren Pitts of Velocity Retail Group represented Mattress Firm in the transaction and commented on the location, “We’ve been trying to secure a prominent location [...]

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 [...]