CFA Cabinetry, LLC, a wholesale seller of kitchen and bathroom cabinetry, signed a five-year-plus lease for the remaining 63,840 SF at Freeport Center, 420 S. 53rd Ave., Phoenix.
The Koss/Louer Team, featuring principals Stein Koss and Tom Louer of Lee & Associates Arizona represented the landlord, Overton Moore Properties. Keri Amrhein Scott with Cushman & Wakefi eld represented the tenant, CFA Cabinetry.
The Koss/Louer team assisted Overton Moore Properties (OMP), a Gardena, CA-based development company with the purchase of the property earlier this year. OMP acquired this asset under its newly formed venture with Pacifi c Coast Capital Partners and an institutional partner. The venture is committed to acquire $80M to $100M of industrial real estate in the Phoenix market within the next two to three years. The recently closed transaction marked Overton Moore’s entry into the Phoenix commercial real estate market.
The building features 30-foot clear height, dock high loading, heavy industrial (A-2) zoning and a secured yard with fencing around the entire property. The Freeport Center is located in the heart of the Southwest Valley industrial market with proximity to Interstate 10.