Pilkington North America Leases 203,000 Square Feet In West Phoenix
25 Apr, 2007, Phoenix, AZ
Pilkington North America, Inc. (PNAI) of Toledo, OH has leased 203,245 square feet of industrial space at Buckeye 75 Distribution Park, 7375 W. Buckeye Rd. The company, one of the nation’s leading producers of glass for buildings and vehicles, will utilize the space as a warehouse/distribution facility for its products.
Pilkington committed to 10 years of tenancy in the new building and plans to take occupancy of the space in June. Pilkington North America is a subsidiary of UK-based Pilkington plc, which was acquired in 2006 by Nippon Sheet Glass.
Mountain West Industrial Properties, a Colorado-based developer, was one of the first to break ground in a new wave of industrial growth in Southwest Phoenix. Its Buckeye 75 Distribution Park was, therefore, one of the first to be completed in 2007. The company specializes in high-growth regional distribution centers and has concentrated its efforts on Denver, Houston, Phoenix and other western markets.
“This brings the Buckeye 75 Distribution Park to 76 percent leased status just three months after its construction completion,” says Bo Mills, senior director with Cushman & Wakefield of Arizona, Inc. “We’ve suffered from a lack of available space in the industrial market and this Buckeye 75 project came online at the perfect time to capture this tenant.”
Buckeye 75 Distribution Park consists of three industrial buildings totaling approximately 457,800 square feet.
Bo Mills and Mark Detmer of Cushman & Wakefield of Arizona, Inc. serve as exclusive leasing agents for the Buckeye 75 Distribution Park. John Myers of Ohio Industrial Companies in Columbus, OH represented Pilkington North America in the lease negotiations.
Cushman & Wakefield is the world’s preeminent privately held real estate services firm. Founded in 1917, the firm has 195 offices in 55 countries around the globe, and 11,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133, or visit the firm’s Web site at www.cushmanwakefield.com.
Robin Rodie Vitols
The Rodie Company
Public Relations & Marketing
fax (602) 957-7023