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| Jackie Orcutt |
PHOENIX, AZ – EverWest
Real Estate Partners and CBRE are on a roll at 10 Chandler, signing six new
leases in five months at the East Valley industrial park. Several of the new
tenants have moved into the development this quarter. The remainder will move
in by year’s end.
The new leases – which
total more than 98,000 square feet – bring the project to 86 percent occupied.
Located at 450 – 590 N.
54th St. in Chandler, Arizona, 10 Chandler totals 37 acres with more than
553,000 square feet of space in nine flex/industrial buildings. The park is
centrally located in the heart of the Chandler Tech Corridor, offering
approximately 1,150 feet of I-10 frontage, premier freeway-facing signage and
freeway access via three full diamond interchanges.
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| John Grady |
The latest leases at 10
Chandler include:
• Babytown - New lease
commitment for 12,000 square feet.
• DNB Engineering -
Expanded into an additional 16,000 square feet.
• Heads Up Helmets - New
lease commitment for 6,000 square feet.
• M+W U.S., Inc. – New
lease commitment for 33,000 square feet.
• Inyati Bedliners – New
lease commitment for 20,000 square.
• Stretch to Win Institute
- New lease commitment for 11,000 square feet.
These companies will join existing tenants at
10 Chandler including Origami Owl, Cloud Blue, Eaton, Paradise Bakery and
Toshiba.
CBRE First Vice Presidents
Jackie Orcutt and John Grady serve as the exclusive
leasing brokers for the property. Hired to handle the leasing in mid-February,
the CBRE team has brought the property from 65 to more than 86 percent leased
in just a short time.
“EverWest has taken a
thoughtful approach toward building a strong base of credit tenants that
reflect a healthy and diverse metro industrial market,” said Orcutt.
She also points out that
the Chandler submarket is one of the strongest in the Valley, posting more than
1 million square feet of positive net absorption so far in 2016. She says 10
Chandler is particularly well situated to continue to capitalize on activity in
the submarket.
“The project’s location in
west Chandler along I-10 is perfect for growing manufacturing, tech and
defense/aerospace-related firms who need a strong labor base in a central
location with a great deal of amenities.”
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| 10 Chandler, Phoenix, AZ |
Among the amenities at 10
Chandler are up to 26-foot clear height ceilings, up to 50 x 30-foot column
spacing, a mix of dock-high and grade-level doors, and generous parking.
Building features are enhanced by nearby market amenities, including more than
five hotels, 25 restaurants and multiple major shopping and power centers
within a one-mile radius.
10 Chandler is a short
drive to Sky Harbor International Airport and Phoenix-Mesa Gateway Airport, as
well as the amenities and employment pools of downtown Tempe, downtown Phoenix
and the East Valley. The park sits just north of the I-10/Loop 202
intersection, which reports a traffic count of 212,217 vehicles per day.
Select vacancy remains at
10 Chandler, including approximately 42,000 square feet in Building 2 and
19,000 square feet in Building 6. EverWest is also under construction on an
18,000-square-foot speculative suite in Building 1, with an expected completion
date of January 2017.
For more information,
visit www.10Chandler.com or call CBRE at 602.735.5000.
For a complete copy of the company’s
news release, please contact:
Stacey Hershauer
focusAZ
Marketing & Public
Relations
(480) 600-0195
