March 1, 2016
Snack manufacturer Snyder’s-Lance has signed a deal with ViaWest to lease 37,422 square feet at Tiger Industrial Center near Van Buren Street and 51st Avenue in Phoenix.
ViaWest’s Select Strategies Fund acquired the two-building property in January. At the time, it was 16% leased. The asset is now almost 60% occupied. The fund is interested in acquiring general industrial properties in the Southwest.
ViaWest’s Brad Dales says Tiger Industrial underwent “value-add enhancements, and it’s great to see that this has been well received in the market.”
Riley Gilbert with Jones Lang LaSalle represented ViaWest, and is marketing the remaining 43,588 square feet at Tiger Industrial. CBRE’s Cooper Fratt represented Snyder’s-Lance.