PHOENIX, ARIZONA (August 30, 2021) – NAI Horizon represented the tenant in the turn-key deal of a long-term lease for an 84,690 SF industrial building in Southwest Phoenix. The total value of the lease exceeds $2.95 million.
NAI Horizon Senior Vice President Jeff Adams represented Liquidity Services Operations, LLC, a Delaware limited liability company in its lease of Building 2 at Hopewell 67, 6800 W. Van Buren St., in Phoenix.
Hopewell 67 is a two-building project that totals 163,000 SF. Building 2, fully leased, is a freestanding frontage building with a heavy parking ratio an additional office and dock area.
The tenant handles all the liquidation product services for clients that include Amazon, Home Depot, Target, and other large retailers.
“Liquidity Services is a well-established national entity. This location represents its initial foray into the Metro Phoenix market,” Adams said. “The company is quickly ramping up to 70 or more employees and may still be seeking top-notch personnel. The Liquidity Services model is set upon a sophisticated software system that allows for quick product and high-volume turnaround.
“This location met all their needs with regard to proximity to clients, a reasonably attractive rate structure, additional parking and loading, as well as having an accessible employment base,” Adams said.
The landlord, Van Buren Owner LLC, a Delaware limited liability company, was represented by Mike Gilbert and Gary Anderson of Cushman & Wakefield. The landlord, based in Chicago, is primarily an investor that purchased the new development from the developer.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.