Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Aiming to establish a centralized distribution center, Villagio Tile & Stone has leased 25,295 sf of warehouse space in MainSpring Cotton Center. The five-year pact has a payout of $1 million.

The tile and stone distributor has two locations and its headquarters in Scottsdale, according to Mike Kane, a senior vice president with Colliers International Inc.’s local office. The company will move into 4219 E. Broadway Rd. this month, he says.

Villagio began looking for a third location about six months, ago, Kane tells GlobeSt.com, but put the expansion on the back burner for several months. “The timing was right because the space in MainSpring Cotton Center is just now finished,” he explains, adding the new construction particularly appealed to Villagio. “The location and the price were also great.”

With the Villagio lease, the 115,000-sf MainSpring Cotton Center is now 80% leased with just 22,940 sf remaining. Kane handled negotiations for Villagio while Curtis Brown and Rick Collins with Ross Brown Partners Inc. of Phoenix represented the local owner, MainSpring Capital Group.

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?

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


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.