SW Moving has taken space once occupied by City Express, a fulfillment and logistics provider, that went bankrupt, Tony Lydon, senior vice president for Grubb & Ellis Co. in Phoenix, tells GlobeSt.com. SW Moving was occupying about 7,000 sf in the Martin Van Buren Business Center, located at the intersection of 39th Avenue and Van Buren Street.
Lydon said SW Moving had some difficult criteria for a new spot, not often available in smaller leased sites. But the Graebel Property building in the Papago West Business Park fit the bill because it came with 30-foot clear heights, ESFR sprinkler system and a block of about 15,000 sf. The build-to-suit was constructed in 1998, with Graebel, a third-party moving and storage operation for the corporate community, planning to lease part until expansion space was needed.
Lydon and Gary Anderson, a Grubb & Ellis associate, represented the building owner. Eric Iantorno, an associate with Ross Brown in Phoenix, handled negotiations for SW Moving Systems, which performs numerous services for US Customs in international and import trade.
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© 2024 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.