TOLLESON, AZ – August 14, 2012 – (RealEstateRama)
— A signifi cant lease was recently completed at Westside
Business Park Bldg 4, 8602 W. Buckeye Rd. in Tolleson. The 8-year, 238,450 SF lease transaction is for over 40 percent of the 535,213 SF warehouse.
Lee & Associates principals Allen Lowe and Matt Hobaica negotiated on behalf of the lessor, LBA Realty of Irvine, CA. Tony Lydon and Marc Hertzberg of Jones Lang LaSalle represented the tenant, Communication Test Design of West Chester, PA.
The Class A industrial building was built in 2007 and is part of the 66-acre Westside Business Park. The building features 32’ clear height, 44 dock doors, 2 grade level doors and excellent access to Interstate 10 and Loop 101 freeways.
“This property is in a choice location and provides the structural amenities the tenant was looking for,” said Lowe. “A long-term lease commitment maximizes value for both sides. It’s a win-win.” Communication Test Design will take occupancy this October.
About Lee & Associates
Lee & Associates specializes in providing exceptional commercial brokerage services to the industrial, offi ce, land and investment sectors of the Phoenix commercial real estate market. The Phoenix offi ce was established in 1991 and is now recognized as one of the most successful brokerage fi rms in Arizona. Each of the 45 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.
Senior Research Analyst/
pr (at) leearizona (dot) com