Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Xeba Inc., a Phoenix-based computer manufacturer and distributor, is settling into a 66,367-sf industrial building near Phoenix’s Sky Harbor International Airport.

The tenant signed a five-year deal, valued at $1.6 million over its term. Its new address is Eastbank, a flex building at 3809 E. Watkins St. Sun State Builders developed the concrete, tilt-wall product. Xeba took the space because it was air conditioned and available for immediate occupancy, according to a prepared statement from CB Richard Ellis.

Jerry McCormick, John Werstler and John Pompay, all of CB Richard Ellis Inc.’s Phoenix office, represented the building owner, Chamberlain Family Trust LLC of Tempe. Dave Johnson of the Phoenix office of Lee & Associates Arizona brokered the tenant side of the package.

The north airport submarket has 11.5 million sf of industrial and flex inventory and a vacancy of 3.78%. The airport area’s south submarket contains 15.1 million sf, of which 11.49% is sitting empty.

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?


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.