1888 E. Broadway Rd., Tempe, Ariz. (Photo courtesy of NAI Horizon)
NAI Horizon negotiates $1.423M Tempe industrial lease
NAI Horizon represented the landlord in a sublease and long-term lease for a Tempe HVAC contractor at 1888 E. Broadway Rd. in Tempe.
NAI Horizon negotiated the short-term sublease of the property for $177,000, representing CEC of Farmers Branch, Texas.
NAI Horizon Senior Vice Presidents Isy Sonabend and Rick Foss then represented Tempe Partnership of Santa Monica, Calif., in the $1.423 million new lease of the 26,023-square-foot building for TDIndustries, Inc., an HVAC contractor.
“TDIndustries, a $450 million, national, employee-owned company, chose this facility because it afforded them the space to handle all of their immediate and future growth, ” said Foss, who also represented TDIndustries. “They chose the property in part because of the heavy office component and the enormous fenced, paved parking lot.”
TDIndustries will occupy the building upon the completion of tenant improvements. The building will serve as a regional headquarters and manufacturing and distribution facility