ViaWest Group, a Phoenix-based real estate development and investment company, has executed a seven-year lease for 76,208 SF at its recently built Converge Logistics Center located along Interstate 10 in southeast Phoenix, Arizona. The new tenant is Pitney Bowes Inc., a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world. Pitney Bowes will occupy a portion of the project’s Building A located at 14955 South 50th Street.
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A premier industrial team with Cushman & Wakefield consisting of Mike Haenel, Andy Markham, Phil Haenel, and Justin Smith represented ViaWest Group in the lease transaction. Converge Logistics Center was developed by ViaWest Group delivered in 2023. The three-building complex totaling 510,831 SF is now 86% leased, with just one single-unit totaling 73,494 SF remaining for lease in Building A.
Danny Plapp, Director of Leasing, at ViaWest Group, said, “We are thrilled to welcome Pitney Bowes to Converge Logistics Center, a deal emphasizing the robust leasing activity we’ve had while also exemplifying the type of high-quality companies we’ve attracted to this state-of-the-art project. This sizable lease also showcases our team’s ability to deliver institutional-grade product that aligns with the needs of today’s tenants. We thank the Cushman & Wakefield team for their continued effort to successfully lease up this project.”
“Converge Logistics Center offers tenants direct freeway access, strong regional connectivity, and high-end industrial features that today’s users prioritize. Its location along Interstate 10 puts it at the center of one of Metro Phoenix’s most active industrial corridors. This lease speaks to the sustained interest we’re seeing from tenants looking to scale operations in well-located, Class A facilities,” said Justin Smith.
Converge Logistics Center consists of three Class A buildings totaling 510,831 SF on ±28.6 acres. The complex features secured truck court gates, lofty clear heights of 32’ or more, ample parking and power, spec office space, plus additional state-of-the-art features. The location provides easy access to Interstate 10 and the Loop 202/I-10 interchange plus close proximity to Phoenix Sky Harbor International Airport.
According to Cushman & Wakefield latest market report, the Southeast Valley cluster of industrial submarkets reported approximately 770,000 square feet of positive net absorption (occupancy growth) in Q1 2025, representing about 43% of Metro Phoenix’s total industrial market growth. This also continued the momentum from 2024 in which the Southeast Valley tallied approximately 4.2 million square feet of occupancy growth.
