PHOENIX-A construction materials distributor has inked a five-year lease, worth $690,000, for a 26,285-sf warehouse just south of Sky Harbor International Airport. The Dallas-based tenant predicts an Aug. 1 move-in following tenant improvements.

“The building fit perfectly for them,” Jeff Hulseweh, an associate with GVA Daum Commercial Real Estate Services in Phoenix, says. “The clear height, truck access and office space all worked for them.”

Foxworth-Galbraith Lumber Co. signed with owner Micro Investments LLC of Phoenix for five years in the building. Built in the mid-1980s, the single-tenant warehouse sits at 4048 E. Superior Ave. in the Airport South submarket. Priced at 34 cents per sf, the deal represents a new location for the growing distributor, Hulseweh tells

The building’s owner is operating a snack distribution business in the building, but will be moving in the coming weeks so finish-out can begin for the Aug. 1 takeover, Hulseweh says. He and Rich Sica of Daum represented Micro Investments in the lease negotiation. Carl Johnson of Johnson Commercial Properties PC in Tempe negotiated on the tenant’s behalf.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.