PHOENIX, ARIZONA – NAI Horizon represented the tenant in the turn-key deal of a long-term lease for an 84,690 SF industrial building in Southwest Phoenix. Total value of the lease exceeds $2.95 million.
NAI Horizon Senior Vice President Jeff Adams represented Liquidity Services Operations, LLC, a Delaware limited liability company in its lease of Building 2 at Hopewell 67, 6800 W. Van Buren St., in Phoenix.
Hopewell 67 is a two-building project that totals 163,000 SF. Building 2, fully leased, is a freestanding frontage building with a heavy parking ratio an additional office and dock area.
The tenant handles all the liquidation product services for clients that include Amazon, Home Depot, Target, and other large retailers.
“Liquidity Services is a well-established national entity. This location represents its initial foray into the Metro Phoenix market,” Adams said. “The company is quickly ramping up to 70 or more employees and may still be seeking top-notch personnel.
The Liquidity Services model is set upon a sophisticated software system which allows for quick product and high-volume turnaround.
“This location met all their needs with regard to proximity to clients, a reasonably attractive rate structure, additional parking and loading, as well as having an accessible employment base,” Adams said.
The landlord, Van Buren Owner LLC, a Delaware limited liability company, was represented by Mike Gilbert and Gary Anderson of Cushman & Wakefield. The landlord, based in Chicago, is primarily an investor that purchased the new development from the developer.