The warehouse was formally occupied by Tempe-based MicroAge, which provided computer systems and configurations to medium and large companies. Last month, the creditors of MicroAge rejected a plan that would have allowed the company to come out of Chapter 11 bankruptcy. Now a wholesale liquidation of the company's assets and lease holdings is under way. The company was one of the largest employers in the state, with more than 2,400 employees.
The warehouse was leased within one month of becoming available. The lease consideration is valued at $2.8 million over its five-year term. The building is owned by Catellus Development Corp.
The Phoenix office of CB Richard Ellis, with brokers Joe Porter, Pat Feeney and Dan Calihan, negotiated the lease on behalf of Catellus, and the Phoenix office of Cushman & Wakefield, with broker Rob Stephens, represented Eagle Global Logistics.
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