PHOENIX-A manufacturer and supplier of thermal printers has crafted a 10-year lease for 31,100 sf of flex space that will be ready to occupy in December. The move to the city will coincide with a lease expiration in Tempe.

Future Logic Inc., now occupying about 7,000 sf, plans to put most of its manufacturing operation, including that in its Glendale, CA homeport, into the Allred Sky Harbor Center at 1818 E. Sky Harbor Circle, Jim Wilson with Cushman & Wakefield of Arizona Inc.’s local office tells The Future Logic deal was in the market five months before brokers stamped a lease with a $2.7-million payout over the term. “It was a nice market deal,” Wilson says of a takedown that makes the first dent in shell space that delivered three years ago.

According to Wilson, the final round of talks produced a 10-year lease, with bumps, and a first right of refusal on the 22,900-sf balance of the building, owned by the Douglas Allred Co. of San Diego. Bob Crum, Mark Krison and David Carder with CB Richard Ellis Inc.’s local office represent the property owner.

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.