Tag Archives: Jeff Conrad

PioneerPackaging, WEB

Masco Corporation leases 25KSF in Phoenix

Cassidy Turley announced that it completed a lease of 25,002 SF for Service Partners Supply, LLC at Pioneer Packaging Center, 2440 S. 8th Pl., Phoenix.
Senior Vice President Bruce Calfee and Vice President Josh Wyss of Cassidy Turley’s Industrial Group represented the landlord, Phoenix-based, 20 Mule Team Holdings LLC while Jeff Conrad of Lee & Associates represented the tenant.
Service Partners Supply is the largest distributor of residential fiberglass insulation and related contractor accessories in North America. Through its network of over 50 distribution centers, the company supplies insulation, insulation accessories, fireplaces, gutters, roofing, drywall, acoustical material and other building products to thousands of contractors and retailers nationwide. Service Partners Supply is a subsidiary of Masco Corporation MAS (NYSE) one of the world’s largest manufacturers of brand- name products for the home improvement and new home construction markets.

Built in 1997, Pioneer Packaging Center is a ±50,474 square foot, industrial warehouse project. The property is centrally located in Phoenix near a full-diamond interchange at 7th Street and the I-17 Freeway. Service Partners Supply plans to use the newly leased space as a distribution center supporting the Phoenix metro area. The transaction brings Pioneer Packaging Center to 100% occupancy.

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Spectrum Labs Takes 25,569 SF Lease at Southbank

Spectrum Labs, a pet allergy solutions company, has signed for 25,569 SF of lab office space within Southbank Business Park, 2801 S. 35th St. in Phoenix.

The 2-story office building features 90% office space and 10% warehouse space. The property sits on nearly two acres of land and offers 5 per 1,000 parking. It has a 3,600 SF block fenced yard, a truck well and grade level loading.

Lee & Associates Arizona Principal Jeff Conrad brokered the lease transaction for Spectrum Labs. Bill Bayless of CBRE represented the landlord, Hannay Real Estate Advisors.

“After touring numerous options in the Airport/Tempe submarket, the property was selected due to its functionality, central location and close proximity to transportation corridors. The facility will provide a long-term solution for Spectrum Labs,” Conrad said.

The company will use the space for lab testing and office related uses as part of the tenant’s veterinary solutions business. Recently Spectrum Labs has made the strategic decision to offer other specialized forms of testing and diagnostic kits to the veterinary marketplace, hence the need for both more lab and office space.

The company services some 16,000 veterinarians across the USA and has representation in 45 countries abroad.

Southbank Business Park is located just south of the Salt River and in close proximity to Phoenix Sky Harbor International Airport. Other corporate neighbors in the park include the University of Phoenix, Microsemi, Norcimbus and Flipchip International.

The tenant’s previous location at 2143 E. 5th St. in Tempe will be for sale once Spectrum moves out.