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TEMPE, AZ-Cutler Hammer Inc., a wholly owned subsidiary of Eaton Corp., has leased 46,725 sf in an industrial building at 912 S. Park Lane here from CSE Development of Phoenix. The electrical manufacturer plans to relocate from 7160 S. Harl Ave. in Tempe, and at 4246 E. Wood St. and 2800 N. 44th St. in Phoenix by August. Improvements are underway and should be completed within a month.

The five-year lease is valued at $1.69 million.

The new facility is located in the Hohokam Park, a business park south of University Drive just east of the Hohokam Expressway and north of Interstate 10. Sky Harbor International Airport is a little more than a mile away.

Bill Bayless and Aric Adams of the Phoenix office of CB Richard Ellis, represented the owner, and the Phoenix office of Colliers International negotiated for Cutler Hammer.

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