X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Stone Net Inc. has moved its Valley manufacturing and distribution operations to a 35,555-sf building in the Airport submarket. The Houston-based stone manufacturer and distributor purchased the 1970s-era building for $1.8 million from Wedel Arizona LLC, a Tempe-based investor.

“Stone Net needed a bigger building,” says Pat Harlan, an associate director with Cushman & Wakefield of Arizona Inc. He, Steve Sayre and Lindsay Erickson, also with C&W, represented the buy side for the 2635 S. 24th St. property. Matt Hobaica and Nate Babeck with Lee & Associates Arizona represented the seller.

Harlan tells GlobeSt.com that the Valley’s residential growth has been a boon for Stone Net, which is experiencing significant growth due to homebuilders’ demand for stone. Stone Net previously operated out of a 7,500-sf building at 3814 S. 16th St., just a couple miles from the relocation site. Harlan is marketing the 16th Street building.

According to Harlan, the 2635 S. 24th St. building was one of the few options on the market that met Stone Net’s parking and power requirements. After looking for six months, Stone Net is ensconced in a building with redundant power and more than 60 parking spaces. The building, situated on 3.43 acres, boasts an adjacent lot for extra parking and storage.

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?

Dig Deeper

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.