Lee & Associates Arizona has been awarded the marketing assignment at Cabot Commerce Center, a three-building project totaling 227,160 square feet. Lee & Associates principals, Jeff Conrad, Matt Hobaica and Chris McClurg were tasked with securing tenants for the general industrial multi-tenant development.
These institutional quality buildings feature grade level and truckwell loading (per bay), 24’ clear height and a secure truck court. Located just off Loop 101 & Cactus Road in Peoria, the project offers direct freeway access and exposure. The project, which was built in 2008, is currently 59% occupied with available space ranging from 4,856 square feet to 31,551 square feet.
“There are very few opportunities available to tenants searching for space in the Arrowhead/Loop 101 corridor that offer small bays equipped with a truckwell, said Conrad. “With the highly visible location and competitive pricing in comparison to product of similar features and vintage in Deer Valley, Cabot Commerce Center can offer best-in-class space at a great price to tenants looking to locate or expand in this growing submarket.”
Current tenants in the project include Orkin, Truly Nolan, Factory Motor Parts, RE Michel Company and Innovative Creations.
The Lee team offers 60 years of combined experience in lease up of speculative development of multi-tenant industrial parks and provides asset advisory and disposition services for their clients. The team has completed 2,547 transactions totaling more than $1.5 billion in this market. Cabot Properties is a private equity real estate investment fi rm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $6 billion in industrial real estate, managing and operating approximately 3,000 tenants in more than 141 million square feet.