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AVA Solar Leases 126,000- SF Industrial Building

LONGMONT, CO-The manufacturer of thin film photovoltaic modules for solar panels will use the former Applied Films Corp. building as its first large-scale manufacturing facility.

By Brian K. Miller | Updated on April 22, 2008

LONGMONT, CO-First Industrial Realty Trust has leased its only asset here, a 126,400-sf industrial building. The industrial REIT, which owns 5.3 million sf in the greater Denver area, says it has leased the building to AVA Solar, a manufacturer of thin film photovoltaic modules used in solar panels.

Located at 9586 I-25 Frontage Rd., the building will be used as AVA Solar’s first large-scale manufacturing facility. Approximately 20% of the building is built out for office use. The parties involved did not release the length of the lease and the negotiated lease rate. The triple-net asking rate for the building was $0.58 per sf per month, according to an online marketing brochure.

AVA Solar initially planned to begin its large-scale manufacturing in a brand new building in Fort Collins, Co, where its headquarters is located. Last month, it announced that it would, in the interest of expediency, begin large-scale manufacturing in an existing building. An AVA source confirms for GlobeSt.com that the existing building is the First Industrial facility.

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