X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MESA, AZ-Aviall Inc. and Appliance Parts Depot Inc. have taken a combined 17,549 sf in the 808,000-sf Broadway 101 Commerce Park. The deals put the flex industrial park’s 404,000-sf first phase above the 82% leasing mark.

Aviall took 13,102 sf through a seven-year lease. The Dallas, TX-headquartered Aviall is a subsidiary of Boeing Commercial Aviation Services. The company, which is paying above the $.79 per sf ask because of significant TIs, will take possession of its space at Dobson and Broadway Roads during mid-summer, 2008.

Appliance Parts Depot, also headquartered in Dallas, will move into its 4,447-sf space within the next few weeks. The company signed a five-year lease that came just under its $.89 per sf asking rate, as the company is contributing its own tenant improvements.

Situated on 52 acres, Broadway 101 Commerce Park was built in two phases. The Dallas-based Lincoln Property Co. completed the first phase in 2006, while recently putting finishing touches on the 404,000-sf phase two. Cooper Sutherland, Lincoln Property Co.’s finance and development manager says a tenant will be signing a lease for 6,500 sf in the second phase during June, with a move-in anticipated by late summer.

He tells GlobeSt.com that, while there is more land for a possible third phase at Broadway 101 Commerce Park, there are no definite plans for development at this time. “Between the completion of Broadway phase two, and another project, 10 Chandler, we’ve completed about a million sf of spec in the past several months,” he comments. “Right now, we’re trying to do deals, and we’ve had good activity.” He adds that Lincoln Property Co. is looking for existing product in the Phoenix market as well.

Senior vice presidents Kevin Cosca and Pete Wentis with CB Richard Ellis’ Phoenix office represented Aviall, while Appliance Parts Depot was self-represented. Senior vice presidents Michael C. Haenel and Andrew Markham and senior associate Marc Tuite with the Phoenix office of Grubb & Ellis/BRE Commercial LLC negotiated on behalf of Lincoln Property Co.

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?

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.