Supply Chain Company Leases Tempe Warehouse

PHOENIX-A supply-chain company has leased a 62,700-sf warehouse in Tempe for its expanding operations. Exel Direct, which provides supply-chain services to clients all around the world, leased the distribution building at 8370 S. Kyrene Road in Tempe.

The distribution building features dock-high loading and 30-foot clear heights. Exel signed a three-year lease, which is valued at more than $1 million based on market rates.

The building is in the Kyrene Commerceplex, an industrial park just north of Warner Road in South Tempe. The project is about a mile and half from Interstate 10, and about miles from the recently opened Price Freeway section of the Loop 101. The location is well suited for distribution to South Phoenix and all of the East Valley.