{"id":1004641316,"date":"2023-01-27T02:35:46","date_gmt":"2023-01-27T10:35:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004641316"},"modified":"2023-01-27T02:35:48","modified_gmt":"2023-01-27T10:35:48","slug":"stos-partners-inks-full-building-lease-at-phoenix-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/","title":{"rendered":"Stos Partners Inks Full-Building Lease at Phoenix Facility"},"content":{"rendered":"
\"1002<\/a>

1002 S. 54th Ave. Image courtesy of Stos Partners<\/p><\/div>\n

Copper State Bolt & Nut<\/strong>, a manufacturer and distributor of fasteners and related products in North America, has signed a full-building lease at a 94,186-square-foot warehouse at 1002 S. 54th Ave. in Phoenix.<\/p>\n

Stos Partners<\/strong> is the owner of the facility, after acquiring it last month from window manufacturer and distributor Jeld-Wen <\/strong>for $10.9 million. CommercialEdge data shows that the owner took out an $8.1 million loan from CopperPoint Mutual Insurance Company <\/strong>to finance the acquisition.<\/p>\n

\n

READ ALSO<\/strong>: Top Sectors for Industrial Demand: JLL<\/a><\/p>\n

\n

Executive Managing Director Phil Haenel, alongside Vice Chairmen Andy Markham and Mike Haenel, all with Cushman & Wakefield<\/strong> represented the landlord in the lease transaction. Senior Vice President William Bayless with CBRE<\/strong> assisted the tenant.<\/p>\n

Cushman & Wakefield also advised Stos Partners in September 2022, when the company sold a 182,275-square-foot industrial building<\/a> in the San Gabriel Valley, Calif., with EverWest Advisors paying $45.9 million for the asset.<\/p>\n

Property upgrades underway<\/h2>\n

Through its capital improvement program, Stos Partners is now renovating the 1992-built facility. The one-story Class B building sits on 4.2 acres in an Opportunity Zone, and features 7,000 square feet of office space. The property has 25-foot warehouse clearance, 17 dock-high doors, two drive-in, ground-level doors, 60 parking spaces, HVAC in the warehouse space and EVAP cooling system throughout the building.<\/p>\n

Located just 2 miles from Freeway 202\u2014which connects it to Interstate 10\u2014the property is some 8 miles from downtown Phoenix. Companies in the surrounding area include Amazon, as well as several other distribution and logistics centers.<\/p>\n

High demand for industrial space in Phoenix<\/h2>\n

A 2022 Cushman & Wakefield fourth quarter report showed that industrial demand in the Phoenix area is still high, with the warehouse and distribution sector accounting for 81.3 percent of new leasing in 2022, for a total of 26.5 million square feet.<\/p>\n

The Southwest Valley submarket, where Stos Partners’ most recent acquisition is located, had the highest amount of new leasing activity due to its relative proximity to the Ports of Los Angeles and Long Beach, Calif., accounting for a little more than half of total new leasing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company acquired the 94,186-square-foot warehouse last month.<\/p>\n","protected":false},"author":2829,"featured_media":1004641781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,1601,15],"tags":[32789,32799,34862],"class_list":["post-1004641316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-phoenix","category-west","tag-cbre","tag-cushman-wakefield","tag-stos-partners"],"acf":[],"yoast_head":"\nStos Partners Inks Full-Building Lease at Phoenix Facility - CPE<\/title>\n<meta name=\"description\" content=\"Copper State Bolt & Nut signed a full-building 94,186-square-foot lease at an industrial warehouse in Phoenix, owned by Stos Partners.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stos Partners Inks Full-Building Lease at Phoenix Facility\" \/>\n<meta property=\"og:description\" content=\"Copper State Bolt & Nut signed a full-building 94,186-square-foot lease at an industrial warehouse in Phoenix, owned by Stos Partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-27T10:35:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-27T10:35:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/\",\"name\":\"Stos Partners Inks Full-Building Lease at Phoenix Facility - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg\",\"datePublished\":\"2023-01-27T10:35:46+00:00\",\"dateModified\":\"2023-01-27T10:35:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Copper State Bolt & Nut signed a full-building 94,186-square-foot lease at an industrial warehouse in Phoenix, owned by Stos Partners.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg\",\"width\":1200,\"height\":899,\"caption\":\"1002 S. 54th Ave. Image courtesy of Stos Partners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stos Partners Inks Full-Building Lease at Phoenix Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\",\"name\":\"Madalina Pojoga\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72\",\"caption\":\"Madalina Pojoga\"},\"description\":\"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Stos Partners Inks Full-Building Lease at Phoenix Facility - CPE","description":"Copper State Bolt & Nut signed a full-building 94,186-square-foot lease at an industrial warehouse in Phoenix, owned by Stos Partners.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/","og_locale":"en_US","og_type":"article","og_title":"Stos Partners Inks Full-Building Lease at Phoenix Facility","og_description":"Copper State Bolt & Nut signed a full-building 94,186-square-foot lease at an industrial warehouse in Phoenix, owned by Stos Partners.","og_url":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-01-27T10:35:46+00:00","article_modified_time":"2023-01-27T10:35:48+00:00","og_image":[{"width":1200,"height":899,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg","type":"image\/jpeg"}],"author":"Madalina Pojoga","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/","name":"Stos Partners Inks Full-Building Lease at Phoenix Facility - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg","datePublished":"2023-01-27T10:35:46+00:00","dateModified":"2023-01-27T10:35:48+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a"},"description":"Copper State Bolt & Nut signed a full-building 94,186-square-foot lease at an industrial warehouse in Phoenix, owned by Stos Partners.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg","width":1200,"height":899,"caption":"1002 S. 54th Ave. Image courtesy of Stos Partners"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/stos-partners-inks-full-building-lease-at-phoenix-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Stos Partners Inks Full-Building Lease at Phoenix Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a","name":"Madalina Pojoga","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/MadalinaPojoga_AuthorPhoto.jpg?w=72","caption":"Madalina Pojoga"},"description":"Madalina Pojoga is an associate editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2022. Madalina is covering the self storage sector on MHN and industrial and medical office building assets for CPE. She has an academic background in film studies and performative arts.","url":"https:\/\/www.commercialsearch.com\/news\/author\/madalina-pojoga\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1002-S.-54th-Avenue-Phoenix.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004641316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004641316"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004641316\/revisions"}],"predecessor-version":[{"id":1004641809,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004641316\/revisions\/1004641809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004641781"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004641316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004641316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004641316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}