MiTek® leases industrial space in two buildings in Tolleson Arizona

Colliers International represents MiTek in expanding Arizona presence

Phoenix,  August 24, 2020 – MiTek, a diversified global supplier of services and products to the residential and commercial construction sectors, expanded its presence in Arizona by leasing 412,921 square feet of industrial space in two Tolleson, Arizona, manufacturing buildings.  

The company renewed its lease for 259,200 square feet at 7890 W. Lincoln Street for a term of eight-plus years. MiTek is expanding its presence in the Valley with a new 10-year lease of 153,721 square feet at 7506 W. Lincoln Street. The two Class A facilities are both located within Tolleson Corporate Park and owned by California State Teachers’ Retirement System (CalSTRS).  

“We have enjoyed a great 27-year relationship with MiTek,” says Payson MacWilliam, executive vice president with Colliers International in Arizona. “MiTek and I began working together when the company was in a simple metal building on West Buckeye Road. Since that time, we have completed five different transactions, growing the company’s Phoenix footprint from 24,000 square feet to more than 400,000 square feet.”  

MiTek will be relocating some out-of-state operations to the 7506 W. Lincoln Street building. The company takes occupancy of the 153,721 square feet on November 1, 2020.

Payson MacWilliam, Don MacWilliam and Chris Reese of Colliers in Arizona worked with Kevin Gallagher of the Colliers in St. Louis office, representing MiTek in both lease negotiations. John Werstler, Cooper Fratt and Pat Feeney of CBRE represented the landlord in the lease at 7506 W. Lincoln Street.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn.

Colliers International in Arizona has served clients locally and globally for more than 40 years.

About MiTek
MiTek is a diversified global supplier of software, engineered products, services, and automation to the residential and commercial construction sectors. MiTek Industries' passion for its associates' well-being and its customers' success is the company's hallmark. A Berkshire Hathaway company (NYSE: BRK-A, NYSE: BRK-B) since 2001, MiTek has operations in more than 40 countries on six continents. Learn more: www.MiTek-us.com and www.MII.com.

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Payson MacWilliam

Executive Vice President

Phoenix

I have been in commercial real estate since 1986, specializing in industrial real estate sales and leasing in the Southwest Valley distribution market throughout my career. Services include tenant representation and agency listings from many major developers, such as CapRock Partners, Merit Partners, ProLogis, EastGroup Properties, First Industrial Realty Trust, Sun State Builders, Exeter Properties, Sun Life Assurance and Liberty Property Trust.

As an executive vice president with Colliers in Arizona, I partner with Don MacWillliam and Chris Reese. Our top-producing industrial team provides exceptional service and strategic solutions to our clients, representing both landlords and tenants. Our diverse base of knowledge and expertise leads to successful and tailored real estate solutions. We pride ourselves on building relationships that continue far beyond a single successful transaction.

During the past decade, we have added more than 5 million square feet of user build-to-suits and more than 3 million square feet of speculative development product to the Southwest Valley distribution market. Our team has also increased the total distribution base by almost 10 percent in the past 10 years.

I have been a member of the Boys Team Charity since 2004, and am a lifetime member of the Brophy Dad’s Club. I am also support these charitable organizations: Andre House, St. Mary's Food Bank and Feed the Homeless Foundation.

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Don MacWilliam

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I have been a commercial real estate professional since 1986, specializing in industrial real estate sales and leasing in the Southwest Valley distribution market throughout my career. Services include tenant representation and agency listings from many major developers, such as CapRock Partners, Merit Partners, ProLogis, EastGroup Properties, First Industrial Realty Trust, Sun State Builders, Exeter Properties, Sun Life Assurance and Liberty Property Trust.

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Prior to joining Colliers, Kevin was Managing Director at Gateway Commercial, an affiliate of Cushman & Wakefield in St. Louis. During his time at Gateway, Kevin worked with a number of large, occupier clients such as Federal Express, Monsanto, MiTek (a Berkshire Hathaway Company), AB InBev, and Ameren Corp.

As a practicing attorney earlier in his career, Kevin represented institutional owners and lenders. He also served as an institutional asset manager and corporate real estate director. In those roles, he developed proficiency in multi-million dollar financing, restructuring, acquisition, disposition and lease transactions.

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Chris Reese

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As an associate with Colliers International in Arizona, I am a member of the top-producing team of Don MacWilliam and Payson MacWilliam. Our team specializes in industrial real estate sales and leasing in the Southwest Valley distribution market.

Services include tenant representation and agency listings from many major developers, such as CapRock Partners, Merit Partners, ProLogis, EastGroup Properties, First Industrial Realty Trust, Sun State Builders, Exeter Properties, Sun Life Assurance and Liberty Property Trust.

I work closely with clients to evaluate their short- and long-term objectives and align marketing strategies with their business goals to deliver results. My strong financial background enables me to calculate current and potential property values, prepare occupancy and operational cost analyses, and provide financial comparisons. My goal is to maximize the financial returns for our clients. Carefully guiding clients throughout the leasing, acquisition and disposition process, I ensure their best interests are represented throughout final transaction negotiations.

Clients and colleagues describe me as smart and analytical, with a disciplined and dedicated work ethic. My accountability, diligence, communication skills and creative problem-solving make me valued partner to our team and our clients.

During the past decade, our team has added more than 5 million square feet of user build-to-suits and more than 3 million square feet of speculative development product to the Southwest Valley distribution market. Our team has also increased the total distribution base by almost 10 percent in the past 10 years.

I have extensive experience in the mortgage and financial services industry. Prior to joining Colliers, I was a mortgage loan originator with Peoples Mortgage in Tempe. I worked with clients, underwriters and loan processors to select the correct mortgage product and complete mortgage loan processing and closings.

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