MiTek, a diversified global supplier of services and products to the residential and commercial construction sectors, has expanded its presence in Arizona by leasing 412,921 square feet of industrial space in two Tolleson manufacturing buildings.
The company renewed its lease for 259,200 square feet at 7890 W. Lincoln St. for a term of eight-plus years and is expanding its presence in the Valley with a new 10-year lease of 153,721 square feet at 7506 W. Lincoln St., according to a release. The two Class A facilities are both within Tolleson Corporate Park and owned by California State Teachers’ Retirement System.
“We have enjoyed a great, 27-year relationship with MiTek,” Payson MacWilliam, executive vice president with Colliers International in Arizona, said in a prepared statement. “MiTek and I began working together when the company was in a simple metal building on West Buckeye Road. Since that time, we have completed five different transactions, growing the company’s Phoenix footprint from 24,000 square feet to more than 400,000.”
MiTek will relocate some out-of-state operations to 7506 W. Lincoln St. when it takes occupancy of the building Nov. 1.
Mr. MacWilliam, Don MacWilliam and Chris Reese of Colliers International in Arizona worked with Kevin Gallagher of the Colliers St. Louis office representing MiTek in both lease negotiations. John Werstler, Cooper Fratt and Pat Feeney of CBRE represented the landlord in the lease at 7506 W. Lincoln St.
MiTek, a Berkshire Hathaway company with operations in more than 40 countries on six continents, supplies software, engineered products, services and automation to the residential and commercial construction sectors. For more information, visit MiTek-us.com and www.MII.com.