CUSHMAN & WAKEFIELD OF ARIZONA NEGOTIATES LONG-TERM LEASE FOR JAPANESE FIRM AT CHANDLER TECH CENTER

Cushman & Wakefield of Arizona, Inc. helped negotiate a long-term lease renewal and expansion at Chandler Tech Center, 7406 W. Detroit St., for a material handling and automation solutions firm headquartered in Japan.

The renewal and expansion transaction for Daifuku of Osaka, Japan, is for 30,247 square feet at Chandler Tech Center, which is owned by Buchanan Street Partners of Newport Beach, Calif.

Daifuku develops material handling systems used in manufacturing facilities, warehouse/distribution centers, automotive plants, airports and cleanrooms.

The Southeast Valley industrial submarket of Chandler has been particularly popular with highly specialized tenants. The demand from tenants who want space south of US 60 and east of the Loop 101 has been strong.

“Chandler Technology Center is the perfect location for technology companies such as Daifuku,” said Jackie Orcutt, Market Leader | Investor Services for Cushman & Wakefield. “It has been a pleasure working with them as they continue to grow within the complex.”

Orcutt and John Grady of Cushman & Wakefield represented the landlord. Conner Lee and Marc Pierce of Lee & Associates represented the tenant.

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