Six-Year Lease Ropes Off 25,000-SF Building

CHANDLER, AZ-As part of a Phoenix metro expansion, the Heraeus Materials Technology Division has leased the 25,000-sf Quartz International Building. The six-year industrial lease has a $1.29-million payout.

“They already have a couple of buildings in the area and could expand even further if another becomes available,” says Andy Markham with Grubb & Ellis Co.’s Phoenix office. He and colleague Mike Haenel brokered the transaction for Quartz International Corp., owner of 6145 W. Detroit St. Paul Sieczkowski with Colliers International’s Phoenix team represented the tenant, a division of Heraeus International GmgH, a precious metals and technology group headquartered in Hanau, Germany.