EastGroup Properties has leased 17,400-square-feet of industrial space to Fast Fulfillment LLC’s at East University II, 1002 E. University Drive.
Jackie Orcutt, John Grady and Jim Wilson of Cushman & Wakefield represented Jackson, MS-based EastGroup Properties in the transaction. Cooper Fratt of CBRE represented the tenant.
Fast Fulfillment specializes in mail order, retail sales, e-commerce, manufacturing, and supply chain management. The company will take occupancy effective Oct. 1, 2015, making the property 100% leased. It is relocating from 1005 N. 50th St., Suite 120.
“EastGroup’s building provided a perfect, central location for Fast Fulfillment,” Ms. Orcutt said. “All parties worked efficiently to negotiate and execute the lease within a matter of days.”
East University II is part of a three-building project owned and managed by EastGroup Properties. The 73,080-square-foot business distribution building is centrally located with excellent access to Interstate 17 and Sky Harbor International Airport and features 27-foot clear height ceilings.
The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.