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Wholesaler Inks $10M Industrial Lease

PHOENIX-Ferguson Enterprises, a plumbing supplies' wholesaler, takes 196,673 sf in the 300,000-sf Bayless Distribution Center. The deal is an expansion for Ferguson, which will move into its fourth Valley location in Q4.

By Amy Wolff Sorter | Updated on August 05, 2005

PHOENIX-A plumbing supplies’ wholesaler has signed a 12-year, $10.1-million lease for 196,673 sf of warehouse/distribution space in Bayless Distribution Center.

Pat Feeney, senior vice president of CB Richard Ellis Inc.’s Phoenix office, says Ferguson Enterprises Inc. of Newport News, VA leased the space on an as-is basis, with few changes being made to the 111 E. Buckeye Rd. warehouse. “The landlord agreed to some small modifications, such as the building of small entryways in the area of the building,” Feeney tells GlobeSt.com. “But otherwise, the tenant paid for everything else.”

The deal represents an expansion, as well as a new distribution location for Ferguson, a supplier for close to 800 locations in the US and Mexico. Ferguson will begin distributing product to its 12 Valley outlets from the Bayless facility beginning in the fourth quarter.

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