"We've got quite a bit of interest already," Danis reports. "Based on how much early positive response we've seen, we expect it won't take that long to identify the best player."

Explaining the reason for the sale, Big Industrial managing director Todd Mendon says the company has owned the property seven or eight years and determined it had fulfilled its investment goal. "We think there are some new opportunities out there we'd like to take advantage of. It's performed well for us, and the market seems right for selling," he remarks. On its "to do" list is the 2.59-million-sf factory that Big Industrial is tackling in Oklahoma City.

Rick Collins, a principal with Ross Brown Partners in Scottsdale, represented Contech in the sublease. He describes the transaction as a "fairly vanilla manufacturing deal that happened to find its way to Kingman."

Collins says Contech, which plans to use the space to manufacture drainage pipe and distribute it to West Coast and Southwest markets, considered properties all across the region before settling on this one. "Proximity to freeways, rail access and good employees is what led them to that location," he says. "But Cascades also agreed to very aggressive terms and conditions." Although Collins would not disclose the sublease terms, a 57,862-sf space in the same building is being offered for sublease at $3.96 per sf per year.