PHOENIX—Colliers International of Greater Phoenix recently negotiated the long-term industrial lease of a 67,697-square-foot warehouse space from which grocery merchandizing products will be distributed regionally.
Marco Display Specialists of Fort Worth, TX, leased the property, located at 4141 W. Van Buren St., from 4141 W. Van Buren LLC of Beverly Hills.
The property was listed by Colliers International Executive Vice Presidents Don MacWilliam and Payson MacWilliam. The tenant was represented by Rebecca Roberts with Green Street Commercial in Avondale.
Marco Display Specialists manufactures merchandising products for the U.S. grocery market. Products include various types of displays from wine fixtures and orchard bins to portable displays and dry island carts. The firm also provides protective systems, such cart corrals, and helps design and engineer products for new construction and remodeling.
The warehouse, built in 1998 at the southeast corner of West Van Buren Street and 43rd Avenue, is situated on 10.68 acres near the I-10. The 243,039-square-foot industrial space is designed to accommodate businesses that need distribution facilities with close freeway proximity.
“The leasing of this space to Marco Display Specialists brings the property to 100% occupied, as the other tenant is XPEDX, a subsidiary of International Paper,” says Don MacWilliam, adding, “Both lessees benefit from close proximity to the freeway and low operating costs.”