Identifying prime distribution space in the Southeast Valley, the Cushman & Wakefield of Arizona leasing team of Jackie Orcutt, John Grady, and Mackenzie Ford recently closed five tenant representation deals totaling 76,734 square feet.
The leases range in size from 3,744 SF to 26,023 SF across the Southeast Valley.
“It has become increasingly difficult to find space with ample clear height and dock-high loading south of the US-60 in the Southeast Valley,” said John Grady, a Director in the Industrial Properties Group.
The Southeast Valley tenants:
>> MyCom, long-term lease at 315 S. Bracken Lane, Chandler;
>> Executive Management Services, long-term lease at 607 S. 48th St., Tempe;
>> SolarCity, long-term leases at 566 E. German Rd., Gilbert; and 7931 E. Pecos Rd., Mesa;
>> Clean Energy Constructors, long-term lease at 1888 E. Broadway Rd., Tempe.
“We are excited to see an increase in pure industrial activity in the Southeast Valley,” said Orcutt, Market Leader | Investor Services with Cushman & Wakefield of Arizona. “New speculative construction from industrial developers such as EastGroup Properties, Trammel Crow, and Turner Construction is timely as demand continues to strengthen east of the I-10 and south of the US-60.”
According to Cushman & Wakefield research, the Southeast Valley has delivered 109,540 SF of speculative development in 2014. There are plans for an additional 265,000 SF of speculative industrial product to be delivered to the market in the coming 12 months.