Valvoline Immediate Oil Modification Goes Into Arizona Marketplace

PHOENIX, ARIZ. . November 7, 2018. Speed Retail Group recently finalized the first two ground leases for Valvoline Immediate Oil Modification as part of their brand-new market growth into the Phoenix metroplex and the State of Arizona. The business is the second largest quick lube chain in the U.S. with currently 1,150+ areas in 46 states. Velocity Retail Group is representing Valvoline in their roll-out of ground-up business stores throughout the Phoenix metro location. Dave Cheatham, Darren Pitts, Brian Harpel and Mark Timpani are working with VIOC on the growth and currently have more than a dozen new sites in progress.One of the new shops will be found at the northwest corner of McDowell Road and Pebble Creek Parkway in Goodyear. Tradecor, LLC is the property manager for the 1.1 acre parcel where VIOC will construct their 2,100 square foot model building.Another location will remain in Queen Creek at the northeast corner of Queen Creek Road and

Ellsworth Road in the Shops at Terravella. Zach Speed with Phoenix Commercial Advisors represented the Landlord, Newquist Commercial Residence on the deal. The shops are expected to open in the 4 th quarter of 2019.”We are delighted to be working with Valvoline on their market expansion throughoutPhoenix, “said Darren Pitts

, Executive Vice President at Velocity Retail.”Valvoline is among the world’s most recognized brand names and is among the greatest active credit renters in the retail market today,”he added.About Speed Retail Group Headquartered in Phoenix, Arizona with a workplace in Tucson, Velocity Retail Group ()offers a full series of commercial real-estate

services including leasing and

selling of shopping centers, tenant representation, land advisory, consulting, investment consulting, capital market solutions, advancement to retail renters, and redevelopment to owners of retail realty throughout the West. Velocity Retail Group is a member of X Team Retail Advisors a platform of 400 retail professionals in 38 workplaces across the country. To find out more, go to

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