A 10-year, 45,000 SF lease was signed at 2120 W.
Guadalupe Rd., in Gilbert for $3,207,600.
Paragon Vision Sciences, currently in Mesa, is the new tenant and will occupy half the structure which was built in 1995. Move-in is expected sometime in Q3 2015. With this transaction, the building is 100% leased.
Stein Koss and Tom Louer, both principals with Lee & Associates negotiated on behalf of AZCAL, LLC of Redondo Beach, CA. Larry Miller, Jr. represented Velocity Retail Group on behalf of Paragon.
The property is situated on 5.91 acres and features heavy power, 24’ clear height, 3-grade level and 4 dock high doors. The building sits just oﬀ of Guadalupe Rd. and Arizona Ave. and minutes to Loop 101.