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American Standard Taps 100,000 SF

PHOENIX-With distribution space hard to come by, the distributor of Trane air-conditioning systems, commits to office/warehouse space in Gilbert and Phoenix. The larger lease has a 10-year term with a payout of $3.5 million over the term.

By Lee Simmons | Updated on May 24, 2004

PHOENIX-American Standard Inc., a distributor of Trane air-conditioning equipment, has signed two leases in Phoenix and Gilbert for more than 100,000 sf of distribution and office space. The deals will help the growing company expand while accommodatingcustomers in the southwest and northwest Valley submarkets.

The company signed a 10-year lease worth $3.5 million for 59,113 sf at 21415 N. 15th Lane in Deer Valley. With an anticipated move-in date of early July, American Standard will use the space–owned by Mack Arizona of Tucson–for its regional offices plusdistribution. The space is approximately 20,000 sf larger than its current location at the corner of 51st Avenue and Buckeye Road, Jim Wilson, a senior director in Phoenix fo Cushman & Wakefield of Arizona Inc., tells GlobeSt.com.

The Mack Deer Valley project includes five buildings totaling about 213,000 sf. Renovations will require about two months prior to the company’s relocation.

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