X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Shasta Pools, the state’s largest pool builder, will dive into a new headquarters this summer with the 15-year lease of 164,290 sf industrial space for the business office, warehouse and manufacturing facilities on an 18-acre tract, with extra storage capabilities.

“There was a lot of built-in value to this facility,” Dan Calihan with CB Richard Ellis Inc.’s Phoenix office tells GlobeSt.com of Shasta’s new 3750 W. Indian School Rd. location. “It allowed them to combine office, warehouse and manufacturing into one location.”

Shasta’s move into the facility in July will also allow it to consolidate several offices, including the current headquarters at 27th Avenue and Interstate 17. The lease is valued at close to $6.8 million, Calihan said. The company, which builds more than 3,000 new pools every year, also has design centers in Phoenix and Mesa.

Calihan, along with Joe Porter and Pat Feeney, negotiated the deal for the tenant. The building owner, Turney Partners LLC of Phoenix, was represented by Jim Harrison with Harrison Properties in Phoenix.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.