DAUM Commercial Helps National Electrical Distributor Expands Phoenix Presence With Lease of 51,100 Square-Foot Industrial Property

Consolidated Electrical Distributors will bring 40 to 50 jobs to Phoenix with move and expansion

PHOENIX, ARIZ. – DAUM Commercial Real Estate Services has completed the 10-year lease of a 51,105 square-foot industrial warehouse located within the Central City submarket of Phoenix, Arizona, on behalf of the lessee,Consolidated Electrical Distributors (CED).

Phoenix Commercial Real Estate News
DAUM Commercial has completed the 10-year lease of a 51,105 square-foot industrial warehouse located in Phoenix, Arizona, on behalf of the lessee, Consolidated Electrical Distributors (CED).

The new tenant, one of the country’s largest electrical supply distribution networks, is relocating and expanding from a 20,000 square-foot property in Phoenix after nearly 30 years of occupancy, according to Sebastian Sica, an Associate at DAUM, who completed the lease alongside DAUM Executive Vice President Rich Sica. 

“This new location will act as a significant Southwest hub for CED, which has grown to encompass more than 600 offices across 47 states through its 60-year history,” explains Sebastian. “In addition to relocating to a building that is approximately 30,000 square feet larger its previous location, the firm plans to create 40 to 50 new jobs locally.”

According to Sebastian, the private landlord previously operated a moving and logistics business at the location and recognized the value of retaining the asset as an investment property within the growing Phoenix industrial market after closing the company. The landlord also owns the four acres surrounding the warehouse, offering the potential for further expansion for CED or future tenants.

Rich Sica adds: “We’ve maintained a strong relationship with our Client for more than 15 years, previously securing locations for the firm throughout the Phoenix area as well as across North America. Our deep knowledge of the industrial market and CED’s business model and operations were instrumental to identifying this well-positioned asset in a prime location, adjacent to the Interstate 17 and Interstate 10 Freeways, and securing a lease at a competitive price.” 

DAUM also worked closely with the tenant, landlord, and contractors to upgrade the asset, originally constructed in 1986, and optimize it for CED’s operations, notes Rich. 

The property is located at 1717 E. Rairdan Lane in Phoenix, Arizona.

About DAUM Commercial 
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available atwww.daumcommercial.com.

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