Newmark Grubb Knight Frank (NGKF) announced the purchase of 2110 S. Douglas Drive, Building B, in Chandler, AZ. The 17,149-square-foot Class A industrial asset located in the Chandler Airpark will be the new home for DeMichele Group, a privately owned provider of software and equipment for the fenestration industry. NGKF’s Executive Managing Director Jerry Jacobs and Associate Joe Vale represented DeMichele Group (Hefner Family, LLCC) in the $2,229,370 acquisition from MS-Chandler Airpark LLC.
“Our growing business required an expansion of space, from 9,000 square feet to 17,149 square feet,” stated Brian Hefner, Owner and President with DeMichele Group. Lisa Hefner, owner and CEO of DeMichele Group added, “Working with NGKF’s Jacobs and Vale, we were able to navigate the overall complexity of the Phoenix market’s growth and find our new facility in Chandler Airpark which is ideally suited for our expansion and a convenient location for our employees.”
“Opportunities for space have become scarce over the last two years,” explained Jacobs. “Prices have gone up and concessions from landlords have tightened. There are limited options for industrial space buyers in this market, so the $130.00 per square foot purchase is a win-win for both DeMichele Group, which plans to occupy the space by June, and the seller.”
“Chandler Airpark’s premium business park environment offers upscale office space and a quality manufacturing environment with excellent signage opportunities for DeMichele Group. The location is in proximity to nearby retail, entertainment and service amenities with convenient access via Loop 202 to all areas of the Valley” added Jacobs.
Founded in 1997 by Dr. Don DeMichele, DeMichele Group provides advanced software and equipment for storefront and curtain wall systems, as well as software products for estimating, engineering, manufacturing and shop drawing creation. The company’s two primary products are PartnerPak Studio and Glazier Studio. DeMichele Group also manufactures equipment for the production of storefront and curtain wall elevations, and window manufacturing. A strong customer service ethic and family atmosphere ensure the longevity of its employees.