Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Atlanta-based Aaron Rents Inc. has inked a six-year deal, valued at $1.8 million, for about 100,000 sf of distribution space at 212 S. 37th Ave. in Southwest Phoenix.

The distribution center will service the Northwest and Southwest US. Aaron Rents is one of the nation’s largest office and home furniture rental companies, with more than 650 company-owned and franchised stores in 43 states and Puerto Rico.

“Phoenix offered the regional access to California and the Northwest that Aaron Rents was looking for,” Don MacWilliam, managing director for the Phoenix office of Insignia/ESG, said in a prepared statement. “This location was strategic in that it enabled Aaron to serve its current locations in Phoenix as well as the future growth it anticipates in the Valley.” He and Payson MacWilliam, also an Insignia managing director, brokered both sides of the deal.

HOMAZ LP of Beverly Hills, CA owns the 276,000-sf warehouse. Mitek Industries occupies 114,000 sf in the structure.

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.