Daum Commercial Real Estate Services negotiated the lease of a 100,000-square-foot manufacturing facility located at 525 W. Alameda Dr. in Tempe.
Rich Sica, executive vice president with Daum Phoenix, represented the lessee, 21st Century Healthcare, in the transaction. This represents Sica’s fourth lease transaction for the nutraceutical company to expand in the Valley over the past several years. 21st Century now leases nearly 400,000 square feet of manufacturing and warehousing space in Tempe.
The lessor was EJM Development Co., a real estate development and management company of West Hollywood, Calif. and was represented by Steve Larsen and Bill Honsaker of JLL.
21st Century Healthcare utilizes the latest research and state-of-the-art technology to create innovative and affordable solutions for health and wellness from vitamins, minerals and specialty supplements for both humans and companion animals.
Daum Commercial Real Estate Services specializes in industrial and office properties throughout metro Phoenix.
