Lee & Associates
SunCap Breaks Ground on AZ Industrial Asset
Twenty-one percent of the 134,358-square-foot Gilbert Spectrum Building One has been pre-leased to SDHQ Off Road. The property is scheduled for completion by the second quarter of 2019.
Tuft & Needle’s Phoenix HQ Trades for $9M
In 2012, the e-commerce and manufacturing firm acquired and completely renovated the iconic building in the city’s downtown area. Retail Realty Fund now purchased the entire 36,000-square-foot property from SimonCRE.
1788 Holdings Acquires PA Industrial Asset
Riverside Business Center in Whitehall comprises 423,900 square feet and was 87 percent leased to 11 tenants at the time of sale.
Phoenix-Area Retail Center Trades for $22M
The 118,377-square-foot property located in Glendale is 97 percent leased, with Walmart as main anchor. Lee & Associates Arizona represented both the seller and the buyer.
SRS Distribution Signs 3 Baltimore-DC Metro Leases
The industrial buildings, featuring high ceilings and drive-in and dock doors, are located within easy reach of the company’s regional office in Chantilly, Va.
BLT Enterprises Inks 3 SoCal Leases
Enterprise Rent-a-Car, NN Inc. and United Rentals Realty have signed industrial leases totaling more than 100,000 square feet in Irvine and Santa Monica.
DAUM Closes 200 KSF CA Industrial Lease
United Exchange Corp., a global manufacturer of consumer goods, signed an 87-month lease at a newly built warehouse in Rialto, Calif., and will be relocating from it’s Cerritos, Calif., facility.
Rich Uncles Buys AvAir HQ in Arizona for $27M
Lee & Associates has brokered the transaction on behalf of the buyer. The sale price equates to nearly $163 per square foot.
NKF Appoints Market Leader in Phoenix
Mike Garlick is now in charge of the Phoenix office’s overall strategy. He holds over two decades of experience in commercial real estate and has a good connection with the Phoenix brokerage community.
NAIOP Arizona Appoints Chairman of the Board
In his new role, Andrew Cheney will contribute to the organization’s 2018 mission to provide educational opportunities, oversee public legislature initiatives and promote networking events. He will also support NAIOP’s Developing Leaders program, which he helped found.