Cushman & Wakefield announced that KOAM, a total logistics solution company for automotive OEMs, has fully leased a freestanding 90,522-square-foot (sf) industrial/last mile facility in Tempe. Dallas-based Stonelake Capital Partners had acquired the property last year for $11.14 million prior to recently completing a significant repositioning of the asset from an aged freezer/cooler building into a more modern traditional last mile facility.

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Phil Haenel, Mike Haenel and Andy Markham with Cushman & Wakefield represented the landlord and the firm’s Joshua Wyss, SIOR and Christian Coraggio represented the tenant in the lease transaction. The team of Haenel, Haenel and Markham also represented Stonelake Capital Partners in acquiring the asset in 2021.    “This was a great success story in which a savvy investor saw an opportunity in the market and perfectly executed its vision resulting in a quickened lease up of the asset. We are thrilled at the final result in securing a high-quality tenant that is also growing in the Phoenix Metro region,” said Phil Haenel, Executive Director. “The transaction also further reflects the ongoing robust demand for industrial product, and in particular related to logistics, throughout the region.”Located at 9310 S McKemy St, the building is situated on 5.8 acres and features 30’ clear height, 16 dock doors, 1 drive-in ramp, ESFR sprinklers, and 7,000 sf of office space. The location is easily accessible to multiple freeways including Interstate 10, Loop 202 and State Route 60 and is also near many amenities and other corporate brands.KOAM had announced the opening of its first West Coast Facility in Phoenix last summer.