Tag Archives: Jeff Conrad

Canal Crossing

Auto aftermarket company signs 109KSF lease in Phoenix

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction.

Lee & Associates principals Jeff Conrad and Allen Lowe represented the landlord, Conor Commercial Real Estate (a real estate development and investment arm of The McShane Companies) and Globe Corporation in this transaction. Mike Parker and Evan Koplan of CBRE along with Jacob Bobek of Avison Young represented the tenant, LKQ Corporation. “We are excited to have secured LKQ as the anchor tenant for Canal Crossing Logistics Center. Landing a commitment from LKQ, a Fortune 500 company, before construction had even begun, speaks to the projects’ strategic central location and modern, functional design,” said Conrad.

LKQ Corporation is a leading international provider of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks and recreational and performance vehicles. The company will occupy 70% of the 155,351 SF building.

As developed, Canal Crossing Logistics Center is an industrial building currently scheduled to be delivered in February 2015. Conrad and Lowe are marketing the remaining 46,054 SF that remains available. “The Airport submarket has been thirsty for new Class A distribution product to choose from. This deal further substantiates that momentum,” Conrad added.

The building features 30’ clear height, two drive-ins and ESFR sprinklers. The project sits on 10.09 acres and is located just south of Phoenix Sky Harbor International Airport.

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.

rsz_2801_s_35th_st

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.