Lease Transaction – Jennifer Rogers:

Lease Type

New Lease

Lease Property Type

Office

Total Number of Sq. Ft. of Space Leased

11,639

Dollar Amount of Value Lease over Length of Lease

150,000

Number of New Jobs

35

Total Expansion in Sq Ft

11,639

Tenant/Business Name for Entity Occupying the Space

Zounds

Type of Business

Engineering, Office and Warehouse/Shipping Departments

Length of Lease in Months or Years

24 months

Lease Location

6825 W. Galveston Street, Chandler, AZ

Description of Project Being Leased

The project, referred to as Galveston Tech Center, is comprised of one Class-A flex-office building totaling 74,525 SF and with the Zounds transaction and other recent activity the property is now 92% leased. Located just one block east of the I-10, between Chandler Blvd. and Ray Rd., Galveston Tech Center is conveniently positioned 3-5 minutes from the I-10, Loop 202 and Loop 101.

Property Owner

Commercial Properties

Name(s) of broker and brokerage firm for tenant

Cory Sposi of Commercial Properties

Name(s) of broker and brokerage firm for property owner

Mike Heanel, Andy Markham, and Will Strong at DTZ

Contributor Email

[email protected]

Contributor Phone Contact

(480) 905-0500

Former Space Owned Or Leased by Tenant or Affiliate

Tenant

Is this a sublease

Yes

Is the property available for sale or lease after relocation

Yes