X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-With patent issues out of the way, Endomed Inc. has moved into an abutting 15,839 sf of research and flex space at Phoenix Tech Center at 10220 S. 51st St. in metro Phoenix. Endomed previously occupied about 7,100 sf of the 22,970-sf structure and has been awaiting resolution of the conflicts before taking over a spot vacated nearly a year ago by Laser Scan, Bruce Calfee, vice president with Grubb & Ellis Co. in Phoenix, tells GlobeSt.com.

Endomed manufactures endovascular grafts that are custom fit to patients. It’s led by the renowned Dr. Ted Diethrich of the Arizona Heart Institute.

Calfee represented tenant and building owners, Jim Freeman and Nick Keiport, in talks for the five-year lease, valued at nearly $1 million. The duo owns one building in the estimated 15-building complex, developed in the late 1980s by Newport Beach, CA-based Koll Development Co. “It stands as one of the premier industrial parks in the metro Phoenix area,” says Calfee. The business park is situated off the intersection of Elliott Road and Interstate 10 and within a five-minute drive of Sky Harbor International Airport.

Endomed’s TIs provided support to install a 5,000-sf clean room while downsizing the executive office component set up by Laser Scan, a manufacturer of catalogs and marketing brochures. The Endomed deal took eight months to complete as its owners worked through patent issues, says Calfee. But, the firm’s in and the operation’s up and running at long last.

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?

Dig Deeper

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.