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January 21, 2020
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Curry Supply Company Buys 55k sf Flex Building in Gilbert, AZ

1/03/20

Curry Supply Company, out of Martinsburg, PA, has acquired a 55.4k sf flex industrial/office building in Gilbert, AZ. Curry Supply acquired the property from Silent-Aire of Edmonton, Alberta, Canada.

Situated on 3.16 acres at 1145 W. Gary Road, the property offers nearby access to the U.S. 60 and the Loops 101 and 202, which provides connectivity to the greater Phoenix metro.

The two-story building features 10k sf of office space that includes offices, conference rooms, open bullpen areas, breakrooms, restrooms and a dedicated server room. The remaining industrial space features an evaporative cooled warehouse with LED lighting throughout, 24-foot clear ceiling heights, five grade-level doors, two truck wells and existing five-ton and one-ton cranes. The property also has 72 parking spaces.

Silent-Aire, a global manufacturer of HVAC equipment and modular data centers, relocated to a nearby facility to accommodate its rapidly growing operations. The company had owned the property since 2013.

Curry Supply Company will occupy the property, which will serve as its fifth U.S. location and first Arizona location. Curry Supply, a manufacturer and dealer of commercial service vehicles, chose Gilbert and the Silent-Aire property due to its proximity to clients and availability of a skilled workforce. With the expansion, Curry Supply will bring a significant investment and new manufacturing jobs to the Gilbert, AZ community.

Rusty Kennedy, Pat Feeney, Dan Calihan and James Cohn of CBRE in Phoenix represented the seller in the deal. According to a recent report from CBRE, the Phoenix industrial marketís momentum was solidified by nearly 4 msf of positive net absorption in the third quarter of 2019, its 38th consecutive quarter of gains and the second-highest quarterly total since Q4 2013.





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