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PHOENIX-With hopes of being located in a high-growth area in the Deer Valley submarket, Simpson Tool Box has established its third location in the Valley with a five-year, 9,554-sf lease.

Simpson Tool is expanding its sales, installation and warehouse space for commercial-grade equipment for pickup trucks, vans and sport utility vehicles. It will set up shop at 22832 N. 19th Ave. “They wanted a location with high visibility and easy access to freeways,” says Marc Hertzberg, a senior associate with Grubb & Ellis/BRE Commercial LLC in Phoenix. “19th Avenue is a main thoroughfare.”

Rick Danis and Paul Boyle, also with BRE Commercial, teamed with Hertzberg to close the deal for building owner, Phoenix-based Cascade Investments. The transaction is valued at roughly $400,000.

Hertzberg tells GlobeSt.com that Simpson Tool Box will occupy 90% of the office/warehouse, built in 2003. The company plans to finish out more than half of the space with a showroom and use the rear yard for truck parts assembly. The remaining 800 sf of vacant space is available for an office tenant, he says.

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