Paradise Place LLC, a distributor for the Sensi and Tommy Bahama brands of footwear, purchased the 2757 E. Chambers property in Phoenix's Southern Gardens Industrial Park in a deal with Quality Screw & Nut Co. just three months after the building went on the market.
Andy Markham, with Grubb & Ellis Co.'s industrial group, tells GlobeSt.com that the new owner will relocate its operations from a multi-tenant project at 5865 S. Kyrene in Tempe while Quality Screw and Nut will move into 12,800 sf at 1975 E. Fifth St., also in Tempe, under a three-year lease valued at $300,000. The Tempe building owner is Fifth Street Industrial Plaza Inc.
Markham, along with Mike Haenel and Marc Tuite, also with Grubb & Ellis' Industrial Advisory Division, represented the screw manufacturer and the shoe distributor in both the sale and lease. Cal Johnson with Commercial Properties Inc. in Tempe represented the building owner, Fifth Street Industrial Plaza Inc. in the lease transaction.
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