The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 21 thru 31, 2015.
INDUSTRIAL – 1140 W. WARNER RD., TEMPE
Hybrid Design Associates and Surface Mount Company (HDA SMC), an engineering and manufacturing firm of sophisticated electronic components, signed a 10-year lease for 40,344 SF at Warner Crossing, 1140 W. Warner Rd., Tempe. The lease commences in Q2 2016. Lee & Associates Principal Rick Lee and Associate Conner Lee negotiated on behalf of the landlord, Trinet Essential Facilities XXVI, San Francisco, CA. Lance Ross of Ross Property Advisors, Scottsdale represented the tenant. HDA SMC is relocating from their current location at 230 S. Siesta Ln., Tempe. Warner Crossing consists of several fl ex and back office buildings and is located east of Priest Dr. at Warner Rd. It is also close to Interstate 10 and Phoenix Sky Harbor International Airport.
OFFICE - 1050 W WASHINGTON STREET, STE 100, TEMPE
Maricopa County Community College leased17,500-square-feet of space at 1050 W. Washington Street, Suite 100, in Tempe from Sunstate. The space will provide conference, training and meeting rooms for on-site workforce programs and classes. Kathy Foster, senior vice president; and Todd Noel, executive vice president; both of Colliers International, represented the Maricopa County Community College District in the transaction. Mike Garlick with Newmark Grubb Knight Frank represented the landlord, Sunstate.
“Colliers was awarded an RFP last year by Maricopa County Community College District (MCCCD) and we were lucky enough to be one of the first divisions of MCCCD to use them in locating a new facility. The experience has been excellent and the support and services we have been provided by Colliers and their team is beyond what we expected,” says Sidney Dietz, director of business services for Maricopa Corporate College. The office space is near light rail with convenient access to Loop 202. “This location will be critical in accomplishing the goals of the Maricopa Corporate College,” said Foster. The Maricopa Corporate College works with companies to develop and deliver customized workforce solutions and education for employees in virtually every industry sector. Through a strategic business partnership model, Maricopa Corporate College assesses workforce needs and delivers customized and integrated solutions to meet those needs throughout all levels of an organization.