Mark Skalny Photography

CPI Brokers 36KSF for Mark IV Capital Properties, Inc.

Commercial Properties Incorporated, Tempe, recently brokered six leases totaling almost 36KSF at Red Rock Business Plaza in the Chandler Airpark.

Black Diamond Advanced Technology, a division of Roper Industries, took 24,196 SF of flex industrial shell space.  Chris McClurg with Lee & Associates and Eric Ramer with ICON Commercial Interests out of Atlanta represented the Tenant.  The built to suit space will be delivered to Black Diamond in “turn key” condition by Mark IV Capital in early 2014.

Black Diamond valued the high building standards of Red Rock Business Plaza as well as the great San Tan Freeway Corridor location as deciding factors.  Other lease transactions with Generations Physical Therapy, Express Interlock, BBJ Rentals, Aptech Systems, and HSP Corporate Arizona have brought the occupancy rate at Red Rock up to over 75%.  Red Rock Business Plaza, part of the Mark IV Capital portfolio, was built in 2008 and is comprised of three, single-story buildings, totaling 134,478 RSF of office/showroom/warehouse space just south of the San Tan Loop 202 and east of Crossroads Towne Center on Gilbert Road.

Sarge Glenn and John Hart, with Commercial Properties Incorporated, represented the Landlord, Mark IV Capital.  Mike Gilbert and Justin LeMaster with Cassidy Turley represented Express Interlock.  Tricia Gumulka with Newmark Grubb Knight Frank represented BBJ Rentals.  Josh Wyss with Cassidy Turley represented Aptech Systems, and Russell Gould with StoneCrest Properties represented HSP Corporate Arizona.