LKQ Corp. takes 100 percent at Canal Crossing Logistics Center

PHOENIX - Oct. 28, 2015 - PRLog -- Fortune 500 company, LKQ Corp., has signed a
10-plus year lease agreement for an additional 46,054 SF at Canal Crossing Logistics Center, 5670 S. 32nd St. in Phoenix. The company will now occupy 100% of the 155,114 SF building.

Jeff Conrad and Allen Lowe, principals with Lee & Associates Arizona represented the owner Bixby Land Co. of Irvine, CA. Chicago-based LKQ Corp., a subsidiary of Keystone Automotive Industries, was represented by Mike Parker and Evan Koplan of CBRE in Phoenix and Jacob Bobek of Avison Young, in Los Angeles.

LKQ Corp. is a leading international provider of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks and recreational and performance vehicles.

"The project sought to deliver a state-of-the-art, Class A distribution building with features catering to corporate America’s evolving logistics needs," Conrad said. "LKQ’s expansion into the balance of the building solidifies the successful execution of this plan and further cements the trend we have seen in the Airport submarket of top flight tenants flocking to the newest speculative offerings."

Delivered in April 2015, the building sits on 10.99 acres. The property features 37 exterior dock doors, 2 drive-ins, 30’ clear height, ESFR sprinklers, 100% truck court and 164 surface parking spaces. It is located in the desirable Airport submarket just south of Phoenix Sky Harbor International Airport and is close to Interstate 10.

For more information:

Jeff Conrad, Principal
602.954.3743; jconrad@leearizona.com

Allen Lowe, Principal
602.954.3747; alowe@leearizona.com

About Us:

Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.