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PHOENIX-An eight-month search has been capped off with the signing of a 60,292-square-foot lease as Baer Inc. finds flex and light manufacturing space for consolidation. Baer’s 10-year lease for the free-standing structure commences in October 2009, with the company paying $.25 per square foot net plus tenant improvements.

The automotive components tenant will use the space, which once belonged to Titan Motorcycles Corp., to manufacture and distribute its brake systems and as its headquarters. Tenant representative and Colliers International vice president Mitch Stravitz tells GlobeSt.com consolidation was one reason for the pending move to 2222 W. Peoria Ave. Given the existing company currently operates in three different locations, it made sense to combine forces into one building, he says.

Furthermore, “the economics of this deal were better than those of their current leases,” Stravitz says. He explains the company had been looking on and off for space during the past three years, then got serious about it earlier this year. Baer narrowed it down to four locations in the northwest Valley, along Interstate 17.

Stravitz says the company selected the Peoria Avenue facility, owned by Presson Equity Partners, because it was conveniently located and, for the most part, built out. Tom Semancik of Commercial Properties, Inc., and Jim Ryder of Capital Realty Advisors, LLC represented locally based Presson Equity Partners.

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