CBRE completed a lease for Liberty Tech Center, a 46,725 SF warehouse building at 921 S. Park Lane in Tempe.
Bill Bayless and Andrew Brigham of CBRE’s Phoenix office represented the landlord, Malvern, Penn.-based Liberty Property Trust, in negotiating the 10-year lease agreement. The tenant, Sutter’s Mill Specialties Inc. of Tempe was represented by Paul Anton of Elmalon Partners in Scottsdale. The exact financial terms of the transaction were not disclosed.
Sutter’s Mill Specialties manufactures and distributes promotional and advertising products for companies throughout the world. The business, which also has a facility at 2249 W. Fairmont Dr. in Tempe, will expand its local operation when it occupies the property in December 2012.
Liberty Tech Center has 16,000 SF of office space. The balance of the building is air-conditioned manufacturing space with grade-level doors and a double truck well for product loading. The property also has convenient access to the area’s connected freeway system via Interstate 10, which is less than a mile away.