Cushman & Wakefield of Arizona, Inc. has negotiated the relocation of Latium USA Trading, Inc.’s Phoenix operations to a 43,550-square-foot facility 1640 S. 39th Ave.
Latium USA, formerly Metals USA, is a manufacturer of metal building products and is based in Holbrook, N.Y. The company currently operates from a facility at 3602 W. Lincoln. Latium has leased 28 percent of the building, bringing the property to 100 percent occupancy. Plans call for the company to take occupancy of the space by the end of 2013.
“It’s great to see good quality space like 1640 S. 39th Avenue, which has been on the market for roughly three years, finally get absorbed as the market continues to rebound,” said John Grady. “There is still affordable space out there that gives tenants such as Latium the chance to upgrade to better quality and more functional buildings at a great rate.”
Grady and Jackie Orcutt of Cushman & Wakefield represented Latium USA in the transaction. The building is owned by DCT of Denver. Marc Hertzberg and Tony Lydon of Jones Lang LaSalle represented the landlord.