distributioncenter

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Mark Singerman, regional director of Rockefeller GroupDevelopment Corp.'s Arizona office tells GlobeSt.com that TIs arealmost non-existent in the deal, as Towne Air Freight took one ofthe already built-out spec suites at Rockefeller Group DistributionCenter. "It was space we built out to show. They like what they sawand took it," Singerman says. "We had to put in a dividing wall,some lights and HVAC, then they were in."

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The lease for space at Nogales Highway (State Highway 18) andValencia Road was signed earlier this month and move-in hascommenced. Towne Air Freight, headquartered in South Bend, IN,offers air, ocean and freight services.

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Singerman says the distribution center was set up for smallertenants. But with the exception of Townd Air Freight, most of thetire-kickers coming around are the larger users. He explains thatpotential users looking at space are asking about blocks of spacethat are 25,000 square feet to 50,000 square feet.

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The same thing is happening in Phoenix, he continues. There,Rockefeller Group Development finished off its 70,600-square-footoffice building at the 24-acre Chandler Corporate Business Center."Same thing, we built a spec suite there too, figuring it was asmall tenant market," Singerman comments. "We haven't had anyonesmall, but we just responded to an RFB for one 50,000-square-footuser, and we also have two 25,000-square-foot users looking atit."

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Singerman acknowledges the trend is somewhat surprising to him,but isn't complaining. At least there is some activity and interestin a market that has been suffering because of the financialmeltdown. "The last few months of activity on the larger tenantside is encouraging," he adds. "It could be the perception thatthings may have turned the corner."

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