PHOENIX-OfficeMax Inc. has leased 40,000 sf in the six-month-old Riverside Distribution Center. The Itasca, IL-based office products retailer has signed a three-year lease with a payout of $500,000.

OfficeMax is planning an immediate move into 4302 W. Buckeye Rd. in Phoenix from a 60,000-sf spot at 6718 S. Harl Ave. in nearby Tempe, according to Steve Mardian, senior vice president with Grubb & Ellis BRE Commercial LLC. He tells GlobeSt.com that OfficeMax, faced with an expiring lease, wanted to find a more central location in the Valley and get closer to its main plant at 51st Street and Van Buren Avenue and the distribution facility for sister company, Boise, ID-based Boise Cascade Holdings LLC.

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