March 31, 2015

AZRE

Modular Power Solutions leases 33KSF

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the lease of 1441 North VIP Boulevard in Casa Grande, Arizona.  Jeff Hays, Chad Neppl, John G. Soldo, SIOR and Ryan Steele of CPI’s Tempe Industrial Team represented the owner, Jensen Precast for this ±33,000 SF property with five structures on approximately 10.66 acres.

Jeff Hays commented. “This former concrete precast facility site has a total of 7 cranes ranging from 5 tons up to a 30 tons and newly refurbished office space.”  The new tenant, Modular Power Solutions (MPS) who was represented by Mike Parker and Evan Koplin of CBRE, is privately held by Rosendin Holdings, Inc. (RHI), and has over 50 years of experience as the largest design-build electrical contractors in North America.  Hays stated, “MPS builds steel frames that hold the servers and other electronic equipment for large data centers in the US, Singapore, Australia, Mexico and Canada.”

The property was particularly attractive to MPS due to the numerous and heavy crane ways.

The transaction resulted in nearly $1 million in total consideration.