Liberty Property Trust announced that it has leased more than 170,000 SF of office and industrial space across three properties since Jan. 1 — one in Phoenix and two in Tolleson.
“We can really feel the momentum in Tolleson, where one of the two leases we signed took a building we bought just a year ago to 100% occupancy,” said John DiVall, senior vice president and city manager, Liberty Property Trust.
“Tenants are seeking value — and also the promise of a ‘step up’ in quality — and locations such as Liberty Tolleson Center in Tolleson and Liberty Cotton Center in Phoenix can deliver those steps.”
The three leases announced include:
>> Bose Corporation has signed a lease for 91,811 SF of industrial space at 8591 W. Washington St. in Tolleson. The company will move into the premises in June, bringing the building to 100% occupancy. Kevin Cosca and Pete Wentis of CBRE represented the tenant. Tony Lydon and Marc Hertzberg of Jones Lang LaSalle served as the listing brokers.
>> Educational Furnishings of Arizona, LLC has signed a new long-term lease for 48,121 SF of industrial space at 8601 W. Washington St. in Tolleson. The company will move into the premises in mid-May. Jeff Conrad and Allen Lowe with Lee & Associates represented the tenant. Tony Lydon and Marc Hertzberg of Jones Lang LaSalle served as the listing brokers.
>> Midland Credit Management Inc. has signed a new long-term lease for 31,096 SF of office space at 4405 E. Cotton Center Blvd., in Phoenix. The company will move into the premises in June, which will bring Liberty Cotton Center to 100% occupancy. Ryan Bartos and Mitch Clawson with Cushman & Wakefield represented the tenant, and Jackie Orcutt, with Cushman & Wakefield and Mark Detmer, Bo Mills, and Karsten Peterson, formerly of Cushman & Wakefield, served as the listing brokers.
