CORFAC News

17 Aug2018

Commercial Properties Inc./CORFAC International Closes 31,000-SF Industrial Lease for Phoenix Logistics

Commercial Properties, Inc./CORFAC International, Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the completion of a 31,029-square-foot lease in the Hewson Fiesta Tech Center located at 1405 N Fiesta Boulevard, just south of Baseline Road and east of Country Club Drive in Gilbert, Arizona. The building is approximately 73,283 SF and is located in the Gilbert Industrial submarket. 

2018 CORFAC International President Andy Jaffe, Senior Vice President at CPI, and Rex Griswold of CPI’s Industrial Team, represented the tenant, Phoenix Logistics. “Phoenix Logistics took a long-term lease to help support their continued growth and will utilize the space in their efforts to manufacture complex wire harnesses and space grade products," Jaffe said. "The company has 27 years of experience supplying products for the defense and aerospace industry, servicing NASA, General Dynamics, Lockheed Martin, Boeing, Northrop Grumman, Honeywell, Bell Helicopter and many more.” 

“The East Valley is attracting major manufacturing and technology companies due to the positive business climate,” Rex Griswold added. 

Evan Koplan and Mike Parker of CBRE represented the landlord, Abington Emerson Investments, LLC.

Contact Andy Jaffe (480) 214-1132 or ajaffe@cpiaz.com or Rex Griswold at (480) 244-7222 or rgriswold@cpiaz.com for more information.

About Commercial Properties Inc./CORFAC International

Commercial Properties Inc./CORFAC International is a full-service brokerage and property management firm for all product types headquartered in Tempe, Azrizona. CPI has more than 55 brokers and occupies in two local offices. Currently, CPI’s listings include over 20 million square feet for sale/lease and more than 195 projects under management, totaling over 11.5 million square feet. Visit CPI's website at www.cpiaz.com.

 

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Patricia True Agos
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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 46 firms in the U.S., six in Canada and 28 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.0 billion in 2017.