CBRE has announced that Hensley Beverage Company has pre-leased ±112,669 square feet of new speculative product at Sante Fe Logistics Center. The building, which is located at 4450 N. 45th Ave. in Phoenix, will total ±367,963 square feet upon completion.
Pat Feeney, Danny Calihan and Rusty Kennedy with CBRE’s Phoenix office negotiated the long-term lease on behalf of the landlord and developer, Phoenix-based Tratt Properties.
“Warehouse distribution operations have become much more sophisticated in recent years. Users have a need for higher clear heights, larger concrete maneuverability areas, and more secure truck court environments,” said CBRE’s Feeney. “There is also much more focus on efficient operating, making LEED certification a priority as well. Hensley is a perfect example of this. Their requirements called for state-of-the-art industrial space and that’s what Tratt is building.”
Construction on the new product will begin immediately and Tratt Properties expects to deliver the building during the of summer 2016. The Hensley & Co. pre-lease is the first for the new building and leaves ±255,294 SF of space available. The state-of-the-art property, which will feature 32’ clear height, ±3,000 SF of spec office, T-5 lighting, R-30 insulation, 40 dock doors with levelers at every third position and is ideally located at the southwest corner of 45th Avenue and Campbell with close proximity to US Highway 60 and both the I-17 and I-10 freeways. The facility will be LEED certified as well.
This lease marks an expansion for Hensley & Co., which already operates its primary, 296,000-square-foot distribution facility within Santa Fe Logistics Center. The Anheuser-Busch beer wholesaler and distributor, which is headquartered in the West Phoenix, is the third largest Anheuser-Busch distributor in the United States and one of the largest privately held companies in Arizona.