The 331,000-sf structure, owned by Buzz Oates Enterprises of Phoenix, also is home to Discount Tire Co., which holds a 58,000-sf spot in the just completed building. Marc Hertzberg of Grubb & Ellis Co.'s Phoenix office represented both sides of the deal.
Hertzberg tells GlobeSt.com that Las Vegas LA Express had been searching the market for a year before settling on the new distribution center. The Jan. 1 move-in nearly doubles the space that the firm has at a building located in the same submarket at the intersection of 37th Avenue and Buckeye.
The shell space includes 3,200 sf of office space and the included $2.50 per sf in a TI allowance. The Ontario-based Las Vegas LA Express has had a presence in the Phoenixmarket for about five years, according to Hertzberg.
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.
