Phoenix Sustainability Firm Signs 131,796 SF Full-Building Lease
Gilbert, AZ – Trammell Crow Company (TCC) and partner Artis REIT announced that Footprint LLC (Footprint), a sustainable technology firm, has signed a long-term, full building lease to occupy Park Lucero Phase II, a Class A, speculative industrial building comprised of 131,796-square-feet.
As one of the fastest growing molded fiber companies in North America, Footprint will be relocating from their current facility in Gilbert, AZ to Phase II of Park Lucero. Operations out of this new facility will include the manufacturing of eco-friendly, fiber based products. Footprint chose this location due to its proximity to a strong employment base and the community’s pro-business environment.
Park Lucero is a 4-phase, Class A industrial park featuring a combination of buildings with dock-high, truck well and grade-level loading, 24-to-30-foot ceiling clear heights and an overall 2.1:1,000 parking ratio. Each building is designed to maximize operational and economic efficiency for a wide range of occupants. Upon full buildout, Park Lucero will consist of nearly 600,000 square feet of industrial space in six buildings.
“The work that Footprint is doing coupled with the benefit to our environment is truly amazing and we are pleased that they can continue their great work out of this state-of-the-art facility”, said Cathy Thuringer, Principal with TCC’s Phoenix Business Unit. “We are pleased to welcome them to the Park.”
Phase II is situated adjacent to Phase 1 (completed in 2015) and Phase 3 (completed in summer of 2017), and fronts along the Santan Freeway (Loop 202) providing significant freeway visibility. The Park is located on 48 acres at the northwest corner of Mustang Drive and Germann Road near the Gilbert/Chandler border.
Philip Martens and Patrick Devine served as the dealmakers for Artis REIT in the transaction. The team of Pat Harlan and Steve Sayre of JLL represented the ownership in the transaction and Paul Gallo with First US Advisors represented Footprint. Western Alliance Bank served as the lender.