Business

CBRE secures lease for Rosendin Electric at Power 202 Business Park

Posted 5/31/21

CBRE has arranged a 146,000-square-foot industrial lease on behalf of Rosendin Electric Inc. at Power 202 Business Park in Mesa.

CBRE’s Mike Parker represented Rosendin in the lease …

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Business

CBRE secures lease for Rosendin Electric at Power 202 Business Park

Posted

CBRE has arranged a 146,000-square-foot industrial lease on behalf of Rosendin Electric Inc. at Power 202 Business Park in Mesa.

CBRE’s Mike Parker represented Rosendin in the lease negotiations. The landlord, Phoenix-based Bird Dog Industrial, was represented by Lee & Associates, Ken McQueen and Chris McClurg, according to a release.

Rosendin is an employee-owned electrical contractor headquartered in San Jose, Calif. The space, 4617 S. Power Road, will serve as a prefabrication facility, offering the tenant proximity to a nearby job site.

“Rosendin had a compressed timeframe to secure a minimum of 120,000 square feet of space in the high-demand Southeast Valley to service a data center project nearby,” Mr. Parker said in the release. “After exploring numerous options in the area, we learned Power 202 would deliver in time to meet my client’s needs. As a result of numerous previous negotiations with Rosendin over the past 18 years, we were able to structure a lease deal, that traditionally can take months to negotiate, in just 48 hours.”

Power 202 Business Park is a new 330,000-square-foot Class A industrial park on Power Road with visibility along Loop 202. It is northwest of Phoenix-Mesa Gateway Airport in the Southeast Valley and within an Opportunity Zone.

“Rosendin’s relationship with CBRE began nearly two decades ago when Mike Parker assisted in our relocation from Mesa to Tempe,” Mike Greenawalt, CEO of Rosendin Electric Inc., said in the release. “Since that first move, Mike has assisted in the purchasing and leasing of buildings in metro Phoenix and the locating and leasing of a variety of office and warehouse spaces in Texas and Nevada. This trusted relationship has allowed Rosendin to move confidently in today’s highly active and competitive marketplace.”

For more information on CBRE, go to cbre.com.

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