PHOENIX, ARIZONA (Sept. 22, 2021) – NAI Horizon represented the tenant in the turn-key deal of a long-term lease for a 132,210 SF brand new, freestanding warehouse in Chandler, Arizona. The total value of the long-term lease is approximately $8.5 million.
NAI Horizon Senior Vice President Jeff Adams represented AES Direct Express, LLC, an Arizona limited liability company (dba SKU Distribution) in its lease of Parc Germann located at 2225 E. Germann Road, Building B, in Chandler.
The brand-new construction sits on 9.37 acres on Germann Road in the highly sought-after East Valley. It features a secure concrete truck court, a secure private yard, new ownership, and a new office and warehouse whose interiors are finished and ready for occupancy.
The tenant offers third-party logistics fulfillment and other management services.
“SKU Distribution is a treasured client that I am proud to have procured attractive deals for as they grew,” Adams said. “They are still a younger company, but due to proprietary software, high efficiency and accuracy throughout the entire procurement and delivery cycles, they have been able to quickly garner several top accounts in the rapidly expanding 3-PL and 4-PL logistics markets in Metro Phoenix.
“This expansion space will allow my client to bring on more national accounts who have been on hold as the space was simply not available,” Adams said.
The landlord, Realty Associates Fund XII Portfolio, L.P., a Delaware limited partnership from Newport Beach California, was represented by Pat Harlan and Steve Sayre of JLL.
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.