Fortune 1000 Company Leases approximately 50% of New Industrial Building for R&D Operation
Phoenix, Arizona– MTD Products, an Ohio-based manufacturer of outdoor power equipment, has leased approximately 50,000 square feet of space at Chandler Corporate Industrial Center (CCIC) at 370 N. Juniper Dr., which is at the northwest corner of McClintock Dr. and Chandler Blvd.
The family-owned company signed a 10-year lease for space in the 100,018-square-foot new building. There will be approximately 120 employees to start and operating out of this facility, which includes 70 engineers as well as multiple employees in higher-level administration positions. Plans call for MTD to take occupancy of the space at the end of this year.
“The Chandler Corporate Industrial Park was a perfect location and fit for MTD and their employees,” says Greg Hopley, executive vice president with Colliers International in Arizona. “This new location provides direct access to major retail amenities, hotels, residential communities and a variety of freeways.”
Hopley represented the Landlord, DPMG Juniper LLC in the lease negotiations. MTD was represented by James Harper of Cushman & Wakefield.
“We are excited to have MTD join our growing community here in Chandler,” said Chandler Mayor Kevin Hartke. “This leading national company will provide high quality jobs and joins many other outstanding corporations who have selected Chandler as ideal for their business.”
Chandler is rapidly expanding their commercial core and home to other large companies like: Intel, Wells Fargo, PayPal, Northrup Grumman, Microchip Technology and NXP Semiconductors, to name a few.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
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Colliers International in Arizona has served clients locally and globally for more than 35 years.
About City of Chandler
Chandler, Ariz. has built a reputation as a Community of Innovation. Life in Chandler goes beyond a thriving and dynamic business community with progressive entrepreneurship. Known for its rich diversity, the City offers an outstanding quality of life for all generations with great schools and recreational opportunities. Chandler has grown to become the state’s fourth largest City with a population of more than 260,000. Chandler has been named one of the nation’s Best Places to Find a Job and Best Cities for Women in Tech. The City also is one of the safest communities in the nation and boasts AAA bond ratings from all three national rating agencies, one of only 40 communities to achieve this distinction. For more information, visit the City website, or connect with the City on social media.