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Displaced Aviation Firm Pays $3.6M Cash for New Site

PHOENIX-Aerotec International, forced to move due to an airport expansion, acquires a 54,744-sf industrial structure in the Southern Gardens Business Park. The firm will more than double its space when it moves in at the first of the year.

By Beverly Ford | Updated on October 16, 2002

PHOENIX-About $3.6 million in an all-cash deal has bought Aerotec International a new company headquarters and 54,744 sf of industrial space in the Southern Gardens Business Park.

Kevin Cosca of CB Richard Ellis Co.’s Phoenix office tells GlobeSt.com that the Phoenix-based firm, which overhauls and repairs aircraft auxiliary power units, plans to move into the facility at 3007 E. Chambers St. by the beginning of the year. The company is occupying 20,600 sf at 2949 E. Washington St. in Phoenix. That building, adjacent to Sky Harbor International Airport, has been sold in a voluntary land acquisition program designed to expand airport operations.

The company’s new site near 24th and Roeser streets contains about 14,000 sf of office space and the remainder designed for manufacturing. Cosca said the aviation firm had been looking for a new location for several months, but had been unable to find a site that would suit its needs until Chambers Investment, LLC of Santa Monica, CA put the building up for sale.

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