SCOTTSDALE-In an expansion of their business, a Scottsdale-based distributor has leased 16,120 sf in an office-warehouse near the Scottsdale Airpark.

Reed Paper Co., which is a wholesale distributor of plastic and paper products to the food service and hospitality industries, is taking a spot at 15931 N. 80th St. The lease is for five years and valued at $1.1 million based on lease averages for the area.

Reed Paper is relocating into double the space from 15855 N. Greenway-Hayden Loop, which is about a half-mile from the new location. The 80th Street building is just south of Frank Lloyd Wright Boulevard and less than a mile west of the newly opened Loop 101.

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