±116,890 SF LEASE OF AN INDUSTRIAL WAREHOUSE IN PHOENIX, AZ

Commercial Properties, Inc./CORFAC International. (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of an industrial warehouse building located at 3555 W Washington Street in Phoenix, Arizona.

The building was built in 1991 and consists of approximately 116,890 square feet.  Located just off 37th Avenue and Washington Street, the property has convenient access to Interstate 10 and the Interstate 17 interchange. Keith Clark and Dave Dixon of CPI’s Industrial Team represented the tenant, Aquafil USA.

Clark commented, “Aquafil is an international company from Northern Italy which operates out of Cartersville, Georgia.  We focused our property search by identifying the two properties in the state that had the A-2 zoning my clients needed.  The company is expanding into our market to increase their operations for nylon fiber.  It is very interesting, they take old carpet, break it back down into nylon fibers using high water pressure, and then repurpose the fibers for manufacturing companies to make new products with this recycled material.”

Managing Directors Anthony Lydon and Marc Hertzberg, and Vice President Riley Gilbert of JLL represented the landlord, Colony Northstar, Incorporated.

Keith Clark & Dave Dixon may be contacted for additional information at kclark@cpiaz.com and 602.740.7889 or ddixon@cpiaz.com at 602.647.1823.

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