The warehouse was formally occupied by Tempe-based MicroAge, which provided computer systems and configurations to medium and large companies. Last month, the creditors of MicroAge rejected a plan that would have allowed the company to come out of Chapter 11 bankruptcy. Now a wholesale liquidation of the company's assets and lease holdings is under way. The company was one of the largest employers in the state, with more than 2,400 employees.
The warehouse was leased within one month of becoming available. The lease consideration is valued at $2.8 million over its five-year term. The building is owned by Catellus Development Corp.
The Phoenix office of CB Richard Ellis, with brokers Joe Porter, Pat Feeney and Dan Calihan, negotiated the lease on behalf of Catellus, and the Phoenix office of Cushman & Wakefield, with broker Rob Stephens, represented Eagle Global Logistics.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
