X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For more retail coverage, click GlobeSt.com/RETAIL.

PHOENIX-With plans to open more than 10 locations in the Valley, a San Jose, CA-based sandwich restaurateur has committed to 14,924 sf for its local distribution center. The 10-year pact carries a $765,000 payday for building owner, Rreef Funds Inc.

Lee’s Sandwiches, recognized for fresh-baked baguettes, will move into 1858 E. Encanto Blvd. this month, says DJ Bean, a senior associate with Cutler Commercial who brokered the transaction. He says Lee’s Sandwiches wanted to be close to its flagship store, which is also opening this month. “We had a couple of different locations we were considering,” he says, adding the search for dry storage and cooler space started in November 2004.

Bean tells GlobeSt.com that Lee’s Sandwiches came close to committing to another location, but the deal fell through. Lee’s Sandwiches distribution lease takes the 82,000-sf building off Loop 101 to full. The warehouse is just a five-minute drive from its soon-to-open store, according to Bean.

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?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

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

Get More Information
 

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.