CED Greentech, a renewable energy product distributor, has leased 67,000 square feet of space near Sky Harbor Airport as it proceeds to move its headquarters from Tempe to Phoenix.
CED Greentech, a distributor of residential, commercial and utility-scale solar and a division of Consolidated Energy Distributors, signed a 7-year lease for the space in the Hohokam 10 Business Center near 48th Street and University Drive. The lease is worth $4.1 million, and the landlord is Exeter Property Group. The company is currently based at 2405 W. Geneva Drive in Tempe.
Rich and Sebastian Sica of Daum Commercial Real Estate Services brokered the lease.
“This was a rare opportunity for our Client to acquire one of the last available suites in Exeter’s state-of-the-art Hohokam 10 Business Center development,” Sebastian Sica said in a statement. “This lease and expansion will provide Greentech with ample space to seamlessly continue its ongoing sales and distribution operations, while additionally featuring a greenhouse lights showroom highlighting the firm’s eco-friendly capabilities and products.”
Earlier this year, CED Greentech leased another Phoenix warehouse, near 16th Street and University Drive, about five miles from the new space.
“We’ve maintained a close relationship with the lessee for nearly two decades, cultivating a deep understanding of how Greentech and its parent company operate in the market,” Rich Sica said in a statement. “This new location is part of CED’s formation of a central, freeway-adjacent hub in Phoenix.”