PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease at Freeport Industrial Center, 5502 W. Buckeye Ave. Elontec, an award-winning, woman-owned office furniture, relocation and cabling company, will consolidate its operations and relocate its corporate headquarters to the property. This lease brings the 103,400-square-foot Freeport Industrial Center to 100% occupancy.

Elontec has leased 28,231 square feet of space, which is an expansion for the company. Elontec plans to relocate in October from its current corporate headquarters at 5402 W. Roosevelt St. The company will be consolidating two spaces that total approximately 24,000 square feet and moving operations to Freeport Industrial Center. Elontec will be hiring additional workers as part of the expansion.

“This space sat vacant for more than 18 months before we were enlisted to market the property,” says Justin LeMaster of Cushman & Wakefield . “Based on our strategic marketing approach and relationships in the brokerage community, we were able to completely negotiate the deal within two weeks of receiving the assignment.”

LeMaster, Mike Gilbert and Paul Sweetland of Cushman & Wakefield's industrial division represented the landlord, Environmental Development of San Diego.

Ted Liles of Cresa represented Elontec.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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.