HSS Logistics' relocation from the RREEF-owned Twins in Tempe signals a space doubling, Mark Detmer, vice president of Trammell Crow Co. in Phoenix, tells GlobeSt.com. The new lease takes the AMB Properties Corp., a San Francisco REIT, holding to full occupancy.
The S. Holbrook Lane building is one of two, totaling 140,000 sf, built in the early to mid-1980s. HSS Logistics will move into an 88,784-sf structure positioned in a submarket tailored to manufacturing and distribution space. The building is located about a half mile from the intersection of Loop 101 and Broadway Road in the city's eastern tier.
The Trammell Crow negotiating team consisted of Detmer, vice president Bo Mills and associate Darryl Scott. The team represented the building owner.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
