JLL completes one of the largest industrial leases of the year in SW Phoenix
On behalf of Clarion Partners, the Phoenix office of JLL has completed a 93,489-square-foot lease with Benson Industries, LLC at Durango Commerce Center in Phoenix. The deal represents one of the largest industrial lease transactions in Phoenix’s Southwest Valley submarket this year. It also brings the 670,000-square-foot, two-building Durango Corporate Center to 91 percent occupied and locates Benson Industries into its first-ever Arizona address.
Portland-based Benson Industries manufactures curtain wall systems for skyscrapers and other commercial structures. Just one of their latest projects includes the exterior shell and glass for One World Trade Center in New York City.
“Benson secured this location primarily to serve its major construction projects in California,” said JLL Executive Vice President Pat Harlan, who represented building owner Clarion Partners along with JLL Executive Vice President Steve Sayre and JLL Associate Kyle Westfall. “By locating in Arizona, tenants can maintain direct access to California but sidestep that market’s sometimes costly barriers to entry. At the same time, they gain the benefits of Arizona’s exceptional business environment, competitive tax rates and growing economy.”
Benson will use its new Phoenix location for manufacturing, assembly and distribution. Isy Sonabend and Richard Foss of NAI Horizon represented the tenant, Benson Industries.
Situated at 2225 S. 75th Ave. in Phoenix, Durango Commerce Center is a best-in-class, institutional-grade distribution property that offers direct access to I-10, 30-plus-foot clear height, ample parking and a modern ESFR system. The project is currently 91 percent leased to tenants such as The Gap, Consumer Connect and Regal Distribution. An additional 62,305 square feet of industrial distribution space remains available for lease.