The Toledo, OH-headquartered company's 10-year lease begins in June.
The transaction pushes occupancy to 76% in a 457,800-sf distribution center at 7375 W. Buckeye Rd. within three months of its delivery. Dealmakers didn't return telephone calls by press time to discuss the win or project details. However, the average weighted rate is 41 cents per sf, triple net, in the city's southwest submarket.
"We've suffered from a lack of available space in the industrial market and this Buckeye 75 project came on line at the perfect time to capture this tenant," Bo Mills, senior director in Phoenix for Cushman & Wakefield of Arizona Inc., says in a press release about the lease. He and C&W senor director Mark Detmer represent the developer, Mountain West Industrial Properties of Greenwood, CO.
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