Cushman & Wakefield Negotiates Lease for Company’s Phoenix Manufacturing Facility
PHOENIX, AZ – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Southeastern Aluminum Products, Inc. has signed a lease at 2250 S. 7th St. for the relocation and expansion of its regional manufacturing and distribution operations.
Southeastern Aluminum Products, headquartered in Jacksonville, FL, has leased an entire 31,581-square-foot building in Downtown Phoenix. The company is a leading manufacturer of bath enclosures and shower doors for residential and commercial buildings. Southeastern Aluminum Products sells its products worldwide and has three manufacturing facilities in Florida, Indiana and Arizona. The company will take occupancy of its new space in March.
Cushman & Wakefield Senior Directors John Grady and Jackie Orcutt worked with Executive Director Jim Wilson in handling the lease negotiations on behalf of the tenant and landlord, EastGroup Properties.
“We have enjoyed great success working with Jim, Jackie and John on two of our Airport area projects and are thrilled with the extremely quick lease-up of this building,” said Mike Sacco, Vice President, EastGroup Properties.
Added Mr. Grady, “Southeastern Aluminum nearly doubled its presence within the local market. The company wanted a 25-30,000-square-foot space in the airport area. While we had quite a few options in multi-tenant buildings, our team knew that the 2250 South 7th Street was going to become available soon. The introduction of a freestanding building piqued the interest of the tenant. The property provided a great new location for Southeastern Aluminum, and our team was able to secure a new lease before the previous tenant vacated to maintain 100% occupancy for the building.”