Western Refining Inks Lease Expansion at Papago Buttes Corporate Plaza
TEMPE, AZ – Cushman & Wakefield of Arizona, Inc. recently negotiated a lease expansion for Western Refining at Papago Buttes Corporate Plaza, located at 1250 W. Washington St. The expansion results in the company occupying an entire four-story, 105,000-square-foot building.
Western Refining has agreed to lease 17,723-square-feet of additional space on the fourth floor of the West Washington Street office structure. The firm took the opportunity to expand its administrative offices when two previous tenants chose to vacate the property. The company will take occupancy of the additional space this summer.
Western Refining is an independent refining and marketing company operating refineries in El Paso and Gallup, New Mexico and a retail segment that includes service stations and convenience stores in Arizona, Colorado, New Mexico and Texas. Western Refining, Inc. also owns the general partner and approximately 66% of the limited partnership interest in Western Refining Logistics, LP and is the general partner of approximately 38% of the limited partnership interest in Northern Tier Energy LP.
“This expansion opportunity enabled Western to accommodate our growth where we already have a successful tenancy,” said Gary Hanson, Vice President of Corporate Communications at Western Refining. “The additional square footage will allow us room for future expansion as more growth opportunities become available.”
Larry Downey of Cushman & Wakefield of Arizona served as exclusive tenant representative for Western Refining in the transaction. Tony Hepner and Janet Ehrlich of Metro Commercial represented the landlord.