PHOENIX, AZ – September 17, 2012 – (RealEstateRama) — Spectrum Labs, a pet allergy solutions company, has signed for 25,569 SF of lab offi ce space within Southbank Business Park, 2801 S. 35th St. in Phoenix.
The two-story, offi ce building features 90 percent offi ce space and 10 percent warehouse space.
The property sits on nearly two acres of land and offers 5 per 1,000 parking. It has a 3,600 SF block fenced yard, a truck well and grade level loading.
Lee & Associates Arizona Principal Jeff Conrad brokered the lease transaction for Spectrum Labs. Bill Bayless of CBRE represented the landlord, Hannay Real Estate Advisors.
“After touring numerous options in the Airport/Tempe submarket, the property was selected due to its functionality, central location and close proximity to transportation corridors. The facility will provide a long-term solution for Spectrum Labs,” said Conrad.
The company will use the space for lab testing and offi ce related uses as part of the tenant’s veterinary solutions business. Recently Spectrum Labs has made the strategic decision to offer other specialized forms of testing and diagnostic kits to the veterinary marketplace, hence the need for both more lab and offi ce space. The company services some 16,000 veterinarians across the USA and has representation in 45 countries abroad.
Southbank Business Park is located just south of the Salt River and in close proximity to Phoenix Sky Harbor International Airport. Other corporate neighbors in the park include the University of Phoenix, Microsemi, Norcimbus and Flipchip International.
The tenant’s previous location at 2143 E. 5th St. in Tempe will be for sale once Spectrum moves out. For more information, contact Jeff Conrad at 602-954-3743 or jconrad (at) leearizona (dot) com.
About Spectrum Labs
Serum allergy testing and treatment specialists since 1989. Dedicated to helping both Veterinarians and Pet Parents provide a better quality of life for pets with allergies. Spectrum Labs has spent the last 20+ years researching, developing, compiling questioning and testing the traditional and emerging alike to uncover the best, and most reliable tools and methodologies.
About Lee &
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 46 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.
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