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Habitat for Humanity Opening First Building Supply Store in Arizona

PHOENIX-The organization's Valley of the Sun chapter leases a 25,000-sf building at 115 E. Watkins St. The five-year lease puts about $1 million in the pockets of building owner, First Industrial Realty Trust and fills a spot set to be emptied in 30 days.

By Jennifer D. Duell | Updated on December 01, 2004

PHOENIX-After searching for several months for the perfect building and location for the first building supply store in Phoenix, Habitat for Humanity’s Valley of the Sun chapter has leased a 25,000-sf industrial building at 115 E. Watkins St.

“It’s a mini-version of a Home Depot where they sell donated stuff,” says Lee Noble, senior vice president in Phoenix for CB Richard Ellis Inc. The store, which will be stocked with excess donated construction materials, will open to the public in February. It is one of several retail outlets across the country operated by local chapters of Habitat for Humanity International.

“I think the best case scenario for Habitat might have been a retail property in more of a residential area,” says Bob Hubbard, an associate with CB Richard Ellis Inc., who teamed with Pat Feeney, Dan Calihan and Aric Adams to broker the deal for building owner, Chicago-based First Industrial Realty Trust. “But the combination of cost and functionality ended up bringing (Habitat) to our building.” According to Hubbard, the building’s sole tenant, who filled about one-third of the space, is set to exit Dec. 31.

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