Report: Cushman & Wakefield advised on leasing terms
Staff Reports | Digital Free Press
Cushman & Wakefield is reporting KOAM, a total logistics solution company for automotive OEMs, has fully leased a freestanding, 90,522-square-foot, last-mile facility in Tempe.
Dallas-based Stonelake Capital Partners had acquired the property last year for $11.14 million, according to a press release.
Phil Haenel, Mike Haenel and Andy Markham with Cushman & Wakefield represented the landlord and the firm’s Joshua Wyss, SIOR and Christian Coraggio represented the tenant in the lease transaction, the release states. The team of Haenel, Haenel and Markham also represented Stonelake Capital Partners in acquiring the asset in 2021.
“This was a great success story in which a savvy investor saw an opportunity in the market and perfectly executed its vision resulting in a quickened lease up of the asset. We are thrilled at the final result in securing a high-quality tenant that is also growing in the Phoenix metro region,” said Phil Haenel, executive director, in a prepared statement.
“The transaction also further reflects the ongoing robust demand for industrial product, and in particular related to logistics, throughout the region.”
Found at 9310 S. McKemy St., the building sits atop 5.8 acres and is easily accessible to multiple freeways including Interstate 10, Loop 202 and U.S. Route 60.
