Tag Archives: EastGroup Properties

1002 E. University

EastGroup leases 17,400 square feet to Fast Fulfillment

Cushman & Wakefield, a global leader in commercial real estate services, announced that EastGroup Properties has leased 17,400 square feet to Fast Fulfillment LLC’s  at East University II, 1002 E. University Drive.

Jackie Orcutt, John Grady and Jim Wilson of Cushman & Wakefield represented Jackson, MS-based EastGroup Properties in the transaction. Cooper Fratt of CBRE represented the tenant.

Fast Fulfillment specializes in mail order, retail sales, e-commerce, manufacturing, and supply chain management. The company will take occupancy effective Oct. 1, 2015, making the property 100% leased. It is relocating from 1005 N. 50th St., Suite 120.

“EastGroup’s  building  provided  a  perfect,  central  location  for  Fast  Fulfillment,”  Ms. Orcutt said. “All  parties  worked  efficiently  to  negotiate  and  execute  the  lease  within  a  matter  of  days.”

East University II is part of a three-building project owned and managed by EastGroup Properties. The 73,080 square foot business distribution building is centrally located with excellent access to Interstate 17 and Sky Harbor International Airport and features 27-foot clear height ceilings.

The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.

Morelos Place, Lee and Associates

EastGroup Project Leased to Arizona Nutritional Supplements

EastGroup Properties, LLC has leased the 126,251 SF EastGroup@Chandler Freeways industrial property to Chandler-based Arizona Nutritional Supplements for 7-plus years with a lease valued more than $5M. Occupancy is slated to begin in January 2014 when the building is complete.

The new tenant, Arizona Nutritional Supplements is a privately-held company that manufactures supplements directly from its Chandler facilities. EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets.

The Koss/Louer Team, featuring principals Stein Koss and Tom Louer of Lee & Associates Arizona brokered the transaction between EastGroup and Arizona Nutritional Supplements ahead of building completion. The company saw the unique value of a state-of-the-art property such as EastGroup@Chandler Freeways.

The property, located at 6850 W. Morelos Place in Chandler will feature 30-foot clear height ceilings, 6 grade-level doors, high power capacity, large truck court, ample parking and an ESFR Sprinkler system. The property is situated near the convergence of the Loop 202 and Loop 101 in Chandler with direct access to area shopping, transportation, employment and recreational corridors.