Saturday, April 16, 2011
PHOENIX, AZ – Jones Lang LaSalle has completed a 153,000-square-foot, long-term industrial warehouse lease for Schoeller Arca Systems, a 100-year-old, Netherlands-based global market leader in the manufacturing of sustainable plastic packaging systems.
The deal will bring as many as 150 new jobs to Phoenix and is the latest example of an increasingly strong local industrial market.
Schoeller Arca Systems will occupy a one-story warehouse/manufacturing property at 17300 W. Broadway Road in Goodyear, Ariz. The building, which was previously occupied by Rubbermaid, Inc., is situated on 47 acres just four miles from Interstate 10 and along an active Union Pacific rail spur.
Schoeller Arca Systems is present in more than 50 countries worldwide. Historically, Schoeller Arca U.S. relied solely on contract manufacturers.
Managing Directors Anthony J. Lydon, SIOR (lower left photo), and Marc Hertzberg (middle right photo), SIOR, in the Phoenix office of Jones Lang LaSalle represented Robert Engle, President of Schoeller Arca Systems, in the lease. Dan Calihan and Pat Feeney of CBRE represented the landlord, BET Investments.
“We’ve seen a drastic up-tick in demand for large, rail-served manufacturing buildings in Phoenix,” said Hertzberg. "We're seeing the greatest interest from companies with high employee counts and with operations in industries like food and beverage, sustainable energy and Internet fulfillment.”
"These requirements for 100,000 or more square feet are being spurred on by value-add, energy-centric, high-head-count employers who see metropolitan Phoenix as a strategic location," added Lydon. "We're adjacent to Southern California but substantially more affordable for items like energy and HR costs."
According to Jones Lang LaSalle research, the overall industrial vacancy rate in Phoenix has dropped by almost two percent year-over-year, from 15.8 percent one year ago to 13.9 percent today. First quarter 2011 had approximately 800,000 square feet of net absorption in Phoenix industrial space. In comparison, almost 4.5 million square feet of Phoenix industrial space was absorbed during 2010.
Schoeller Arca Systems is scheduled to occupy its new space in second quarter 2011.
For more on the company, visit http://www.schoellerarcasystems.us/.
Contact: Stacey Hershauer, Phone: +1 480 600 0195