Cushman & Wakefield, a global leader in commercial real estate services, announced that EastGroup Properties has leased 17,400 square feet to Fast Fulfillment LLC’s at East University II, 1002 E. University Drive.
Jackie Orcutt, John Grady and Jim Wilson of Cushman & Wakefield represented Jackson, MS-based EastGroup Properties in the transaction. Cooper Fratt of CBRE represented the tenant.
Fast Fulfillment specializes in mail order, retail sales, e-commerce, manufacturing, and supply chain management. The company will take occupancy effective Oct. 1, 2015, making the property 100% leased. It is relocating from 1005 N. 50th St., Suite 120.
“EastGroup’s building provided a perfect, central location for Fast Fulfillment,” Ms. Orcutt said. “All parties worked efficiently to negotiate and execute the lease within a matter of days.”
East University II is part of a three-building project owned and managed by EastGroup Properties. The 73,080 square foot business distribution building is centrally located with excellent access to Interstate 17 and Sky Harbor International Airport and features 27-foot clear height ceilings.
The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.
