NAI Horizon negotiates $2.58 million long-term industrial lease
PHOENIX, ARIZONA (March 30, 2017): NAI Horizon Senior Vice Presidents Isy Sonabend and Rick Foss negotiated a long-term industrial lease for a national refrigeration and specialty appliance company at 10397 W. Van Buren St., in Tolleson.
NAI Horizon represented the tenant, Danby Appliances, Inc., with headquarters in Ontario, Canada, in a deal worth $2.58 million. Danby manufactures a range of household appliances under the brand names Danby, Silhouette, MicroFridge, and BergHOFF. Danby is leasing 155,000 square feet of the 278,000-SF facility.
“Danby selected Phoenix as its Western distribution center, and as well, will be launching a new product line of residential wine refrigerators that will assembled in Tolleson,” Sonabend said. “Danby’s entrée into Phoenix welcomes a highly respected distributor and quality manufacturer to our business community.”
Amenities of the property include 30-foot clear height, 40 dock-high doors, 14 mechanical pit levelers, T-5 lighting, a 50-foot concrete apron, and a 140-foot truck court. It offers immediate access to the I-10 and Loop 101 freeways.
The landlord, Global Logistics Properties, was represented by Mike Haenel of Cushman & Wakefield.
About NAI Horizon
Established in 1992, NAI Horizon is a full-service commercial real estate brokerage and management firm serving Arizona through its offices in Phoenix and Tucson. In June 2015, NAI Horizon became one of the few broker-owned and operated full-service commercial real estate firms in Arizona.
Exceptional global commercial real estate solutions begin with local market leadership and expertise. 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 which provides real estate solutions worldwide.
For more information visit www.naihorizon.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. 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. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific,
With over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.
To learn more, visit www.naiglobal.com.
# # #