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Southeast Valley's High-End Construction Sets Lease Hook

TEMPE, AZ-International Premium Tile Co. chooses a Southeast Valley location for its first location. The company signs a three-year lease for 10,859 sf of showroom/warehouse space, pushing a 44,000-sf warehouse to full.

By Jennifer D. Duell | Updated on March 25, 2005

TEMPE, AZ-A new tile distributor has inked a three-year lease for 10,859 sf to set up its first showroom. The pact, including three months’ free rent, has a consideration of about $211,000.

International Premium Tile Co. will move into showroom/warehouse space at 1102 W. Southern Ave. in May, says Tom Zarob, a partner with Ross Brown Partners Inc. “The company was looking for about 10,000 sf of space with some outside storage,” the tenant’s rep tells GlobeSt.com. “And International Premium Tile didn’t want to be in Phoenix. They wanted to be somewhere in the Southeast Valley to take advantage of all the high-end homes that are being built.”

One of the biggest challenges was timing. “They wanted to be in the space in March and we started looking in January,” Zarob says, adding the company only evaluated one other site, but it was too expensive.

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