{"id":1004473342,"date":"2020-08-25T21:54:18","date_gmt":"2020-08-26T05:54:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004473342"},"modified":"2020-08-25T21:54:18","modified_gmt":"2020-08-26T05:54:18","slug":"mitek-leases-412-ksf-at-phoenix-area-corporate-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mitek-leases-412-ksf-at-phoenix-area-corporate-park\/","title":{"rendered":"MiTek Leases 412 KSF at Phoenix-Area Corporate Park"},"content":{"rendered":"<div id=\"attachment_1004473429\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004473429\" data-attachment-id=\"1004473429\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mitek-leases-412-ksf-at-phoenix-area-corporate-park\/7506-w-lincoln-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg\" data-orig-size=\"1885,1412\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"7506 W. Lincoln St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;7506 W. Lincoln St. Image courtesy of MiTek&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg?w=1024\" class=\"wp-image-1004473429 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg 1885w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg?resize=1024,767 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/7506-W.-Lincoln-St.-e1598358995923.jpg?resize=1536,1151 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004473429\" class=\"wp-caption-text\">7506 W. Lincoln St. <em>Image courtesy of MiTek<\/em><\/p><\/div>\n<p>MiTek, a global supplier of services and products to the construction sector, has leased 412,921 square feet of space at a pair of adjacent manufacturing buildings in Tolleson, Ariz. The Class A assets are located within Tolleson Corporate Park and owned by the California State Teachers\u2019 Retirement System.<\/p>\n<p>The tenant renewed its 259,200-square-foot lease at 7890 W. Lincoln St. for a term of more than eight years and signed a new 10-year lease of 153,721 square feet at 7506 W. Lincoln St. MiTek plans to relocate some of its out-of-state operations to the second property at the beginning of November. The two facilities are located within 2 miles of Interstate 10 and within 10 miles of downtown Phoenix and 13 miles of Phoenix Sky Harbor International Airport.<\/p>\n<p>Payson MacWilliam, Don MacWilliam, Chris Reese and Kevin Gallagher of Colliers represented MiTek in both lease negotiations. John Werstler, Cooper Fratt and Pat Feeney of CBRE assisted the landlord with the lease at 7506 W. Lincoln St. In July, the MacWilliam duo and Reese <a href=\"https:\/\/www.commercialsearch.com\/news\/cohen-asset-management-expands-phoenix-industrial-footprint\/\">handled the sale<\/a> of a 325,800-square-foot industrial facility in Phoenix, which traded for $30.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The industrial renewal and expansion deal enables the global construction supplier to grow its presence in Arizona.<\/p>\n","protected":false},"author":868,"featured_media":1004473429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,21742,1601,15],"tags":[32789,32763,39366],"class_list":["post-1004473342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-latest","category-phoenix","category-west","tag-cbre","tag-colliers-international","tag-kevin-gallagher"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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