Mike Kasulaitis of Voit Real Estate Services’ Phoenix office directed the acquisition of a 125,000 SF industrial building in Phoenix on behalf of the buyer, Buckeye 59th Ave, LLC.
The buyer, an East Coast-based manufacturer and distributor of make-up, costumes and accessories, will use this property as its distribution facility, according to Kasulaitis, Vice President in Voit’s Phoenix office.
“As the Phoenix industrial market continues its recovery, we are seeing an increase in activity from larger national companies who are seeking to secure distribution space to fulfill their operational needs,” Kasulaitis said.
According to Kasulaitis, Buckeye 59th Ave, LLC was seeking a property in close proximity to its current manufacturing facility in Phoenix with good freeway accessibility.
“Voit’s keen knowledge of the market enabled us to secure a property that met our client’s distribution requirements in their desired location,” Kasulaitis said.
The seller, Conair Corporation, was represented by Greg White of CBRE.
The property is located at 2 N. 59th Ave. in Phoenix.