PHOENIX-Sara Lee Corp. will set up a new distribution center in the 244,768-sf Washington Airport Center in Central Phoenix. The bakery company has taken 74,268 sf in a five-year lease for close to the quoted rate of 75 cents per sf, triple net.

Sara Lee will move into 3425 E. Van Buren St. in July. “This will be a just-in-time distribution facility for its baked products,” Mark Krison, senior vice president with CB Richard Ellis’ Phoenix office, tells The Downers Grove, IL-based Sara Lee operates several bakery and distribution sites in the metro.

Krison worked with CBRE colleagues Scott D. German and Carole M. Uhrig to represent the building’s owner, LNR Property Corp. of Newport Beach, CA. Thomas Louer, principal of Phoenix-based Lee & Associates, was the tenant’s representative.

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