PHOENIX, ARIZONA (August 17, 2022) – NAI Horizon represented the landlord, ViaWest Group, in a long-term lease for a national package delivery firm at Airport48 Industrial, a Class A industrial building expected to deliver in 1Q 2023.
NAI Horizon Executive Managing Director Isy Sonabend and Associate Drew Eisen represented VWP 48th Street Owner, LLC (ViaWestGroup), in the long-term lease worth $4.797 million. Expeditors International of Washington, Inc., will occupy 39,396 SF of the turnkey building, which will total 146,526 SF upon completion.
Airport48, 3232 S. 48th St., in Phoenix, is under construction on 10 acres of industrial-zoned land. The state-of-the-art warehouse is located on one of the last remaining infill land sites in Central Phoenix, just minutes from Phoenix Sky Harbor International Airport.
“This is the third long-term tenant the NAI Horizon team has secured for the landlord at Airport48,” Sonabend said. “Previously, we were proud to welcome SouthernCarlson as the first tenant at Airport48, followed quickly by Monterrey Tile Company. This location provides quick access to the entire Phoenix freeway grid, as well as direct entrance to Sky Harbor International Airport, an amenity crucial to our tenants. The signing of this third lease now makes Airport48 100 percent leased.”
The central location of Airport48 and its proximity to the freeway system through a full diamond interchange will provide logistics-based companies convenient access to
all points in the Metro Phoenix market. It will also provide same-day drive times to key Western markets such as Los Angeles, Las Vegas, Salt Lake City, and Albuquerque, N.M.
Founded in 1979, Expeditors International specializes in supply chain solutions, transportation, customs and compliance, and warehousing and distribution. Its 2021 revenue was $16.5 billion.
Andrew Mager with Fischer & Company, and Tom Louer with Lee & Associates Arizona represented Expeditors International of Washington, which is headquartered in Seattle.
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.
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