First Commons in Phoenix comes to 94% occupancy

Real Estate | 20 Jul, 2015 |

Cushman & Wakefield of Arizona, Inc. negotiated a long-term industrial lease on behalf of First Commons landlord Enright Capital, Ltd., of Calgary, relocating an American Building Supply, Inc. (ABS) facility and bringing the property to 94% occupancy.

ABS leased 17,357 square feet at First Commons, located at 4635 W. McDowell Rd.   ABS is a distributor of door, millwork and hardware products for commercial and residential customers with locations in California, Nevada, Washington, Georgia, Colorado and Arizona.  The company will move in August from its current location at 2300 S 51st. Ave.

“We are excited to have ABS as a new tenant in the First Commons complex,” said Paul Sweetland, SIOR, Senior Director with Cushman & Wakefield’s Industrial Properties group. “Enright Capital reacted quickly and favorably to the RFP from American Building Supply and was able to secure another quality tenant to their complex.”

“Since Enright’s purchase of First Commons approximately eight months ago, we have taken the project from 47 percent to 94 percent occupied with only one space currently remaining. The immediate proximity to full diamond interchanges at 43rd and 51st avenues at I-10, along with modern amenities, makes this multi-tenant light distribution complex very desirable,” Sweetland said.

Sweetland and Justin LeMaster of Cushman & Wakefield’s Industrial Properties group represented Enright Capital in the transaction. American Building Supply was represented by Rusty Kennedy of CBRE.


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