Search
 

Wal-Mart Leases 24,688 SF of Extra Space

PHOENIX-Wal-Mart picks up the elbow room at the 19th Avenue & Pinnacle Park CommercePlex in the Deer Valley submarket. The discount giant crafts a short-term lease for regional overflow space for stores in Arrowhead, Deer Valley and Peoria.

By Jennifer D. Duell | Updated on October 08, 2004

PHOENIX-Wal-Mart has leased 24,688 sf of warehouse and distribution space at 19th Avenue & Pinnacle Park CommercePlex in the Deer Valley submarket. The value of the short-term lease is being kept under wraps, but rental rates for the space range from $5.76 per sf to $7.20 per sf.

The discount giant plans to use the facility at 23610 N. 20th Dr. as a regional overflow warehouse for Supercenters in Arrowhead, Deer Valley and Peoria, says Jeff Conrad of Lee & Associates Arizona, who represented the building owner, Santa Monica, CA-based EJM Development. Wal-Mart was represented by Steve Lenz of Frontera Development Inc. in Phoenix.

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.