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PHOENIX-A California company that leases and maintains utility service equipment has taken its first Valley location with the three-year lease of 5,500 sf in a single-story freestanding building in south Phoenix.

Altec Industries of Dixon, CA will pay building owner, Bixby Maricopa LLC of Phoenix, about $110,000 for industrial space at 2024 S. 16th Ave. in a deal that also gives the tenant 1.5 acres of yard storage. “They had a unique requirement because they needed a small building with a large yard,” Gary Anderson with Grubb & Ellis

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