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Seven-Year Deal Stabilizes Pinnacle Park

PHOENIX-Nationpet inks a 59,907-sf office/warehouse lease for the 159,714-sf Pinnacle Park Business Center Phase II.

By Amy Wolff Sorter | Updated on November 03, 2006

(To read more on the industrial market, click here.)

PHOENIX-The second phase of Pinnacle Park Business Center has hit 98% occupancy, getting a 59,907-sf boost from Nationpet. The retailer’s seven-year expansion lease is valued at $3 million.

Nationpet will move in April 1, 2007 to its new headquarters and distribution center at 23040 N. 11th Ave. The supplier of cat supplies and furniture to PetSmart, PetCo, Target and others currently operates in 20,000 sf at 2005 W Parkside Lane.

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