(Read more on the industrial market.)

DOWNINGTOWN, PA-Sunbelt Rentals, a Charlotte, NC-based equipment rental company, has signed a lease for all 13,550 sf of the industrial building at 401 Boot Rd. The term is for 10 years, and the agreement includes two five-year renewal options.

The aggregate value of the transaction is in excess of $2 million, according to Steve Italiano and Vince Ranalli in the Wayne office of CB Richard Ellis. They represented Sunbelt. The building owner, identified as Mister Me LP, stood for itself.

Sunbelt, the second-largest equipment rental company in the US, serves the residential, commercial and industrial markets from its network of more than 450 branches nationwide. This is its sixth location in the Greater Philadelphia and Southern New Jersey market areas. According to Italiano, the tenant is completely renovating the 30-year-old Boot Road building into a state-of-the-art facility to serve its customers in the Philadelphia suburbs.