DAUM COMMERCIAL ARCHITECTS CBD EMPORIUM’S CORPORATE EXPANSION HEADQUARTERED IN PHOENIX, ARIZONA
DAUM Commercial Real Estate Services has successfully arranged the 7.5-year lease of a nearly 16,500 square-foot flex/industrial building in Phoenix, Arizona on behalf of both the lessee, CBD Emporium, a health and wellness company specializing in hemp-derived CBD products, and the landlord, a California-based private investor.
According to DAUM Associate Carter Wilson, who completed the lease transaction alongside DAUM Executive Vice President David Wilson, the property will serve as the new corporate headquarters of the tenant, CBD Emporium, Inc.
“The CBD industry is booming in Arizona, due in part to regulatory changes,” explains Carter. “The tenant was experiencing a critical need for a larger headquarters location to accommodate its rapidly growing retail operations throughout the Phoenix area and the greater Southwest.”
David notes that this property features large offices for the executive and administrative teams, as well as a fully air-conditioned distribution warehouse.
“This was truly a win-win for both the lessor and the lessee,” David continues. “CBD Emporium secured a new home base ideally suited to its operations, while the landlord benefits from a high-performing tenant poised for further success.”
Carter adds that DAUM was able to help facilitate an easy transition for the tenant, even throughout the hectic expansion period and further hurdles caused by the pandemic.
“We could not be more impressed with the professionalism of the DAUM team,” noted CBD Emporium’s Vice President of Operations, Stacey Schofield. “The ease of the transition demonstrates clearly why DAUM is a leader in helping fast-growing companies like ours.”
This will be the second corporate headquarters the Wilson Team has moved into the Metro Industrial Center this year. The property is located at 2424 W. Desert Cove Ave. in Phoenix, Arizona. The total consideration of the lease is approximately $1.5 million.
About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.
About CBD Emporium
Established in 2018, CBD Emporium is a privately held company with 27 retail locations throughout the United States. The retailer is the premier source of quality, trusted CBD products, and offers a diverse selection of more than 50 best-of-industry brands and its own brand labeled products derived from medical grade organic hemp plants. CBD Emporium’s knowledgeable staff is dedicated to providing the best information, education, and products to improve health and wellness.