X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TEMPE, AZ-A large yard was the deciding factor for Champion Wire & Cable, which inked a 62-month deal that will give the distributor 29,779 sf of warehouse and office space along with about a half acre for outside storage.

“The yard was very important to them,” Pete Klees of the Phoenix office for Grubb & Ellis Co. tells GlobeSt.com. “That was probably the biggest reason (behind the move).”Klees said the company was located at 1140 W. Alameda in the same business park, but had outgrown the site.

The firm will occupy its new site at 822 W. 22nd St. once renovations to the single-story building are completed, Klees said. The company will pay $734,000 over the term of the lease. The Shidler Group of San Diego is the property owner.

Gordon Raguse of Grubb & Ellis represented the tenant in the transaction. Klees was Shidler’s representative.

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

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.