Primarion Inc.'s executive team signed a four-year lease with a $300,000 payout for 3650 E. Weir Ave., says Andy Markham, a senior associate with Grubb & Ellis|BRE Commercial LLC, who teamed with Marc Tuite and Mike Haenel to represent Primarion and Lafayette, CA-based Bedford Property Investors Inc., owner of the nine-building, 101,800-sf industrial park.
"Primarion was looking for a freestanding building that offered a high office-to-warehouse ratio," Markham tells GlobeSt.com about the 1980s-era building. "And, they wanted to stay in the Sky Harbor submarket, which is where they've always been a tenant."
Primarion will vacate an 18,383-sf building at 2507 W. Geneva Dr. that's already been leased to a third-party logistics operator. Phoenix Logistics, also eyeing an April move, signed a 63-month lease for the building. The logistics company will exit 20,000 sf at 2202 E. Magnolia Ave.
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