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PHOENIX-GES Exposition Services Inc. has capped off a nine-month search for a new location, taking down 62,949 square feet in the 43rd Avenue Distribution Center. The company signed a 10-year lease for the 89,477-square-foot building, which has just been completed by EastGroup Properties Inc.

GES Exposition Services will make the move to its warehouse and distribution space at 1740 S. 40th Ave. in December. The company’s $3.1-million rent payout factors out to about 50 cents per square foot. The tenant improvement is $12 per square foot. The convention and event services company, headquartered in Las Vegas, currently has its local warehouse and office facilities at 201 S. 15th Ave.

James Wilson, senior director with Cushman & Wakefield of Arizona Inc. in Phoenix, says GES Exposition didn’t so much need more space as it needed different space. “The space they were in had become obsolete,” the tenant rep says. “They needed to upgrade their office and warehouse and parking. They just needed the space configured in a different way and wanted to take advantage of the current market.”

Wilson tells GlobeSt.com that the company focused its search on the city’s west side and looked at five potential sites. Ultimately, the two truck court areas, combined with 9,000 square feet of office sealed the deal for the tenant. “The space is brand new, never been lived in,” Wilson adds. “This provided a great ability for them to upgrade their image and their facility.”

The Jackson, MS-based EastGroup’s distribution center is situated near the Phoenix Convention Center, also a good incentive for the deal. “The convention center area is growing and as it expands, GES needs to be in place to take advantage of it,” Wilson says. Don MacWilliam and Payson MacWilliam with Colliers International’s Phoenix office represented the owner.

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