113,110 s.f. lease at 800 Germann underscores metro Phoenix’s East Valley demand
CHANDLER, ARIZONA – Within months of its acquisition, EverWest Real Estate Investors has fully leased 800 E. Germann Road, a 113,110-square-foot, just-completed Class A industrial building in Chandler, Arizona, within metro Phoenix’s booming East Valley industrial market.
The tenant, a sustainable technology company, will occupy the property later this year, taking advantage of modern project amenities including 30’ clear height, 3,000 amps of heavy power, generous docking positions and a large, secured yard space.
EverWest Managing Director of Asset Management Amr Ceran directed the transaction for EverWest in coordination with CBRE’s Andrew Brigham, Evan Koplan and Serena Wedlich.
“This building is indicative of the high-quality, highly desirable industrial asset class that EverWest is targeting – and continues to seek out – as we make a strategic re-entry into the Phoenix market,” said Ceran. “There is exponential user demand across the Valley and more on the horizon.”
“The location and features of this building generated significant interest from various companies, including 3PLs, food- and distribution-related companies, and high-tech and light manufacturing,” said Koplan.
According to CBRE, the Chandler Airport area currently sits at a mere 1 percent industrial vacancy rate.
The 800 E. Germann building is located within one mile of the Loop 202, with quick access to two full-diamond interchanges and a deep and educated labor pool.
EverWest continues to seek industrial acquisition opportunities in metro Phoenix and across key U.S. growth markets.