Search
 

Air Conditioning Firm Triples Industrial Space

TEMPE, AZ-Aire Care will pay out $455,000 over the five-year term of the 14,545-sf lease, a deal that comes with a purchase option for the stand-alone structure at 1135 W. Geneva Dr. in the Broadway Business Park.

By Beverly Ford | Updated on October 16, 2002

TEMPE, AZ-In a move that will allow it to triple in size, Aire Care, an air conditioning service and supply firm, has signed a $455,000 lease on 14,545 sf in the Broadway Business Park, giving the company office and yard space to expand operations.

“It fit them like a glove,” Peter Klees of Grubb & Ellis Co.’s Phoenix office tells GlobeSt.com, referring to the stand-alone building at 1135 W. Geneva Dr. that will be the company’s new home.

The firm, formerly located in a 5,000-sf facility in Mesa, signed the five-year deal with an option to purchase the building from owner, the Shidler Group of San Diego, he added.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.