has secured the lease of 250,000 square feet of industrial space in the greater Phoenix submarket of Glendale, Arizona on behalf of the lessee, Dynarex Corporation, a medical equipment and supply wholesaler based in Orangeburg, New York.
The space will serve as the lessee’s Southwest regional distribution facility, according to DAUM Associate Carter Wilson, CCIM, who completed the lease transaction alongside DAUM Executive Vice President David Wilson, CCIM.
“Dynarex Corporation is experiencing a phase of significant growth, bolstered by a strong, ongoing demand for durable medical equipment and disposable products,” explains Carter. “As part of the firm’s expansion throughout the West and Midwest, they came to us seeking a greater Phoenix location to utilize as a central hub for the firm’s operations throughout the Southwest.”
Carter notes that the DAUM team secured space that met the lessee’s requirements in the Northwest Phoenix submarket, which is currently seeing high demand, with vacancy rates compressing to sub-5% levels in Q4 2020.
David adds: “With this new lease, Dynarex is ensuring its presence is known in the region and positioning itself for future success. We were able to secure a prime location within proximity to the 101 freeway, providing ease-of-access throughout the greater Phoenix area and the Southwest.”
Dynarex will occupy approximately 40% of a 620,000 square-foot industrial property. The facilities feature 32-foot clear height, 16 dock-high loading doors, and an ESFR sprinkler system.
The property is located at 7811 N. Glen Harbor Boulevard in Glendale, Arizona.