Avnet, Inc. | Global Solutions Center

Property Description

This 231,454 square foot, flex industrial property with mezzanine office, located in Chandler, Arizona, is 100% leased to Avnet, Inc. ("Avnet"). The property serves as the primary domestic Global Solutions Center for Avnet's Technology Solutions business segment. Avnet, founded in 1921, is Arizona's largest-publicly held business with headquarters in Arizona, and one of the world's oldest and largest distributors of electronic components and customized technology solutions. The company is ranked #117 on the Fortune 500 List for 2013.

Business Essential Attributes

The property has been fully occupied by Avnet since its construction as a build-to-suit for the tenant in 2008 and is located approximately ten miles south of the corporate headquarters in Phoenix. The property features many specialized improvements which enhance the tenant's ability to meet their customer's technology needs from this facility including over-standard HVAC improvements and high-tech equipment that ensures a pristine assembly area free of any airborne pollutants and electrostatic charge. The property also includes state-of-the-art, just-in-time fulfillment capabilities which ensure the efficient utilization of the $125 million in inventory housed at the location. Furthermore, the property also serves as a showcase facility for Avnet with a company museum and product display showroom.

Additional Property Information

Pursuant to Avnet's corporate footprint needs in the Greater Phoenix Area as well as its desire to remain in close proximity to suppliers such as Intel which has three semiconductor fabrication facilities in Chandler including the recently completed, next generation, FAB 42 semiconductor manufacturing plant, the tenant has specific needs to remain in the Chandler market. The tenant's desire to remain in Chandler and specifically at the property manifested in its offer to purchase the property in late 2012.    

Avnet, Inc. | Global Solutions Center

Chandler (Phoenix), Arizona

PROPERTY AT A GLANCE

Property Type: Flex Industrial
Square Footage: 231,454

Lease Expiration: 
April 30, 2018


Renewal Option(s):
Two 5-year fixed rent options


Rent Increase(s):

Flat (no rent increases)


Tenant:
 Avnet, Inc.
Website: www.avnet.com

 

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