X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Mohawk Industries Inc. of Calhoun, GA has set up a distribution site in 76,282 sf in southwest Phoenix in a five-year deal that’s valued at $1.3 million.

The carpeting distribution tenant vacated a 15,000-sf nearby location for its share of the 127,042-sf building in the 43rd Avenue Distribution Center. Allen Lowe and Stein Koss, both principals at Lee & Associates in Phoenix, represented the building owner, Boston-based Cabot Industrial Trust. Lee & Associates principal Marc Pierce negotiated the lease for the tenant.

Mohawk Industries has moved into a spot vacated about nine months ago by Montgomery Ward, Lowe tells GlobeSt.com. The 43rd Avenue Distribution Center is a 90-acre business park in which Cabot holds the title to all but one of the industrial buildings. The signing takes 1439 S. 40th Ave. building to full occupancy.

Mohawk Industries is one of the fastest-growing carpet mills in the US. Its family of brands includes such leading names as Aladdin, Alexander Smith, American Rug Craftsmen, Bigelow, Karastan and Mohawk.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.