CUSHMAN & WAKEFIELD NEGOTIATES RELOCATION LEASE FOR JACK TRAVIS LOGISTICS

Cushman & Wakefield of Arizona, Inc. negotiated a long-term relocation lease for Jack Travis Logistics at Pima Distribution Center #1, located at 236 E. Pima St.

The lease is for 20,000 square feet of industrial space, to relocate the company from Tempe, on July 1. Jack Travis Logistics is a modern freight shipping and logistics company that provides domestic and Canadian cargo shipping.

“Pima Center offered Jack Travis Logistics the opportunity to find functional and affordable distribution space in the airport market,” said John Grady, Senior Director with Cushman & Wakefield’s Industrial Properties group. “There is a dwindling supply of that type of distribution space. The airport market is getting tight with mostly new product available.”

Cushman & Wakefield’s 1Q 2015 Industrial report showed that mid-sized spaces are in short supply and that developers are stepping up to fill the need.

Grady and Jackie Orcutt represented Jack Travis Logistics. The landlord, TPRF II/Pima Industrial LLC, was represented by Stein Koss and Tom Louer of Lee & Associates.

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