PHOENIX—On behalf of Clarion Partners, the Phoenix office of JLL has completed a 93,489-square-foot lease with Benson Industries, LLC at Durango Commerce Center in Phoenix. The deal represents one of the largest industrial lease transactions in Phoenix's Southwest Valley submarket this year. It also brings the 670,000-square-foot, two-building Durango Corporate Center to 91% occupied and locates Benson Industries into its first-ever Arizona address.

Portland-based Benson Industries manufactures curtain wall systems for skyscrapers and other commercial structures. Just one of their latest projects includes the exterior shell and glass for One World Trade Center in New York City.

“Benson secured this location primarily to serve its major construction projects in California,” says JLL executive vice president Pat Harlan, who represented building owner Clarion Partners along with JLL executive vice president Steve Sayre and JLL associate Kyle Westfall. “By locating in Arizona, tenants can maintain direct access to California but sidestep that market's sometimes costly barriers to entry. At the same time, they gain the benefits of Arizona's exceptional business environment, competitive tax rates and growing economy.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.