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Av-Air Breaks Ground on 162,500 SF, Multi-building Project Totalling $15M
The 6.17 acre parcel at 6877 W. Frye Rd., Chandler, fronts the Loop 202 Freeway in Santan Technology Park. Av-Air purchased the property and broke ground soon after.
Andy Ogan, Principal with Lee & Associates Arizona negotiated the transaction for the land and build-to-suit project. Architectural services were provided by Wes Balmer with Balmer Architectural Group. Tom Altieri of MidFirst Bank provided the financing with an SBA 504 loan. According to Altieri, it was one of the largest SBA loans done in Phoenix-area history.
The new buildings will consist of a 92,500 SF building with 20,000 SF of office space and a 70,000 SF building storage/distribution building. Both buildings will feature metal deck, steel trusses, 30’ clear height, grade level and truck well loading doors. The project is estimated to be completed in the fall of 2014.
Av-Air, a provider of aftermarket aviation parts and services, will vacate 67,000 SF it currently owns & occupies in its Chandler headquarters at 33 South 56th Street and 1510 West Bell De Mar Drive in Tempe and consolidate operations in the new facility. Av-Air will be offering the 67,000 SF in both facilities for lease, Ogan will be the listing broker for both properties.
For more information:
About Av-Air, Inc.
Since its inception in 2000, Av-Air has forged advantageous relationships with numerous airlines, repair stations, and original equipment manufacturers around the globe. Our Phoenix headquarters, conveniently located within minutes of Sky Harbor Airport, spans more than 40,000 square feet of warehouse and administrative space to accommodate all our customers’ aviation aftermarket needs.
About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, offi ce, land and investment sectors of the Phoenix commercial real estate market. The Phoenix offi ce was established in 1991 and is now recognized as one of the most successful brokerage fi rms in the state. Each of the 49 nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.