Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-A local HVAC company has leased 14,000 sf of industrial space so it and a pair of recently acquired companies can get under one roof. The five-year pact, valued at $320,000 over the term, sets up an immediate move.

Jesco Mechanical Inc. is turning on lights at 2929 W. Culver Ave. in a three-building, 60,000-sf complex owned by Los Angeles-based Richards LLC. The lease takes the 21,000-sf building to 100% occupancy. Jesco is sharing the 20-year-old building with Select Interiors.

“Jesco was looking for a building with freeway exposure to help with brand identity,” Gary Anderson, a broker with Grubb & Ellis

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?


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.