CHANDLER, AZ-B/E Aerospace has signed a 15-year lease for 48,000square feet at 10 Chandler.

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The deal is the largest transaction in the East Valley sofar this year, according to David Krumwiede, executive vicepresident for Lincoln Property Co., which developed and owns 10Chandler. The project consists of nine buildings totaling roughly553,000 square feet. It is an adaptive reuse development of an oldmanufacturing plant that had out lived its usefulness.

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B/E Aerospace, which manufactures aircraft cabin interiorproducts, is relocating to Building 2 in 10 Chandler fromHoneywell’s facility at 8530 Hardy in south Tempe, AZ. Krumwiedetells GlobeSt. that B/E Aerospace had been subleasing space at thefacility, but Honeywell needed to expand into the space it hadpreviously subleased. Both companies are Boeing suppliers.

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“This was a highly sought after transaction – a 15-year leaseand a great credit tenant,” Krumwiede says, adding that LincolnProperty Co. worked with B/E Aerospace for roughly six months toclose the deal.

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B/E Aerospace was represented by Jim Wilson of Cushman &Wakefield. Lincoln Property Co. was represented by Mark Detmer,Mike Kasulaitis and Bo Mills of Cushman & Wakefield.

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B/E Aerospace’s new distribution and support services willoperate out of a 90,196-square foot building. The company is thefirst tenant in the building, which was completed about 18 monthsago.

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“The space is in shell condition, and the company liked the factthat they could design exactly what they needed with a freshbuildout,” Krumwiede says. Additionally, the building’s 25-footclear height and generous truck wells suited its distributionneeds.

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Roughly 42% of the space is office and 58% is assembly,according to Krumwiede. The company plans to move in thissummer.

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B/E Aerospace’s new location offers access and visibility toInterstate 10. As part of the new lease, the company will receivesignage on two monuments that will be seen by more than 145,000drivers and their passengers every day. Additionally, thecompany received building signage, Krumwiede notes.

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