Lease Brings International Mattress Manufacturer’s Total Occupancy in Valley to Nearly Two Million Square Feet

PHOENIX, ARIZONA – MLILY, the retail brand of Healthcare Arizona LLC, a venture of China-based Healthcare Co., Ltd., has signed a lease for 1,253,382 square feet of industrial space at the Glendale 303 “G303” project. The industrial park is situated in Glendale, AZ along the booming Loop 303 corridor and being developed by international real estate firm Hines.

This sizable lease will add to the company’s existing space in The Valley. During summer 2020, Healthcare Arizona LLC leased 643,798 square feet at First Park @ PV|303 in Goodyear.

“It was a pleasure to once again work with MLILY and our local and international Colliers teams,” said Yang Chen, Managing Director, Asia Pacific Division with Colliers in San Francisco. “MLILY stated that their goal is for all products sold in the U.S. market to be made domestically. This target necessitated urgent expansion of their manufacturing capabilities in Phoenix less than a year since their first transaction in the region. We found phenomenal partners in Hines and Oaktree Capital, who were part of our great team in finalizing a deal that bridged language, cultural, and time zone differences.”

Healthcare Arizona, LLC has leased what was planned as two separate buildings at the G303 project, but will now be constructed as a single structure. Phase I has been built and the company will take occupancy in December after interior tenant improvements are completed. The building, located at 6605 N. Sarival Ave., contains 569,520 square feet of industrial space. Phase II will involve expanding that structure with an additional 683,862 square feet of space. Construction of that expansion is expected to commence this week. The company has leased this project for a term exceeding 10 years.

“This lease at the G303 project will bring MLILY’s total commitment in the Valley to nearly two million square feet of space,” says Payson MacWilliam with Colliers in Arizona. “The company was originally attracted to our pro-business community and that appeal has only improved since the company entered the Arizona market last year. This rapid and substantial expansion is a testament to the company’s growing business throughout the world and our economy here in Greater Phoenix.”

Yang Chen from the Colliers office in San Francisco partnered with Payson MacWilliam, Don MacWilliam and Chris Reese of Colliers in Arizona in representing Healthcare Arizona, LLC in the lease negotiations. Bill Honsaker and John Lydon with JLL represented Hines, the developer of the project.

Healthcare Co. Ltd. operates factories in China, Thailand, Serbia and the United States. U.S. plants are located in South Carolina and Arizona. The company has produced memory foam items since 2003. The MLILY brand advocates “Redefining Sleep” and offers products including mattresses, mattress toppers, bases and pillows. By expanding its presence in the Greater Phoenix area, the company is able to provide more high quality products to U.S. consumers at a lower cost, while also expanding its global footprint.

MOORPARK, Calif.– DAUM Commercial Real Estate Services has completed the long-term lease of a 202,421 square-foot industrial building in the Ventura County submarket of Moorpark, California on behalf of the lessor interest through Transwestern Development Company, who was the project developer. The property, which is also managed by Transwestern, was leased to Amazon, according to Bram White, SIOR, an Executive Vice President at DAUM Commercial, who represented the lessor along with Don Thordarson of Donald J. Thordarson, Inc.

“Don and I helped the lessor acquire this property in 2018 and had a comprehensive understanding of the goals for this investment,” explains White. “Drawing upon this knowledge and our relationships in the market, and through a very active marketing campaign, this quality tenant was brought to the table by its agent, Tim Wallace of Cushman & Wakefield.”

White notes that he also represented the previous owner in the lease of the same building seven years ago, completing a hat trick with this latest transaction that demonstrates his deep expertise in this submarket and the unique offering this property brings.

“In our extensive marketing campaign we ‘left no stone unturned’ in our relentless efforts to secure a great tenant for this excellent facility,” says Thordarson.

The asset was recently refurbished, providing the tenant an ideal space for its last mile operations.

Stephen Batcheller, Regional Partner at Transwestern, adds: “We are very pleased with the outcome of this project and greatly appreciate working with, and the contributions of, the talented people at DAUM Commercial Real Estate Services.”

The property features 16 dock-high positions, 24-foot ceiling clearance, and a secure fenced yard with parking for up to 405 cars. The location offers close proximity to California State Routes 118 and 23, providing ease-of-access throughout the Southern California region.

The building is located at 6000 Condor Drive in Moorpark, California.

JLL lease paves way for regional HQ makeover at Pima Center

PHOENIX, Arizona – A new lease directed by the Phoenix office of JLL has extended the lease for Mattamy Homes at The Corporate at Pima Center through 2029. It also ushers in a first-floor consolidation and Phoenix headquarters update for Mattamy, the largest privately owned homebuilder in North America.

“Phoenix is a vibrant and exciting market, and one that we are committed to being in for a long time. In keeping with that commitment, we’re firming up and adding to our office space at Pima Center,” said Mattamy Phoenix Division President Don Barrineau. “Our current team is quite talented and experienced, and now we’re going to add more folks who will enjoy an unexpected and exhilarating career ride. Based on our recent, significant land buys, we expect explosive growth at Mattamy Phoenix the next 5-plus years.”

Under the new lease, Mattamy will expand its Phoenix office footprint to 15,904 square feet on the first floor of Class A The Corporate at Pima Center, located at 9200 E. Pima Center Parkway in Scottsdale, fronting the Loop 101 freeway just south of Pima Road. It will also update its Phoenix headquarters with contemporary creative office amenities and an on-site design studio.

JLL Managing Director John Pierson, Senior Vice President Trevor Pratt and Associate Lauren Lovell represented Mattamy in the lease expansion. JLL Managing Director John Bonnell, Executive Vice President Brett Abramson, Senior Vice President Chris Latvaaho and Associate Chris Beall represented the building owner, City Office REIT.

“Phoenix consistently ranks among the nation’s hottest markets for new home construction and value appreciation,” said Pierson. “Mattamy’s new office configuration will help them to capitalize on and serve that growth with a very efficient and modern work environment for its employees and a beautiful, centralized design showroom where its customers can enjoy their homebuying and home design experience. It is a great testament to Mattamy’s success and their customer-first philosophy.”

Designed to accommodate Mattamy’s growing Phoenix division, the new headquarters will consolidate team members from two separate suites into a single, first-floor location. The combined space will allow for better collaboration with large group, breakout and individual work areas focused on embracing the company’s strong culture of inclusion and teamwork.

The building sits along the Loop 101 freeway, accessible to more than 1.4 million people over 25 years old within a 30-minute commute and with 39 hotels and almost 12,400 multifamily units within five miles, and more than 4.1 million square feet of retail amenities within three miles. It is minutes from Sky Harbor International Airport, downtown Tempe and downtown Scottsdale. Tenants are served by newly renovated lobby and common areas, and generous covered parking, with a 5/1,000 parking ratio.

Construction on the new Mattamy office space is in final planning stages, with completion and move-in scheduled for Fall 2021. Phoenix-based McCarthy Nordburg is the project architect. The property is managed by JLL’s property management group, on behalf of the landlord.