Parklane Development Group and Miramar Industrial Partners have completed Southern Industrial Center, a 1.2 million-square-foot Class A industrial project in Buckeye, Arizona. This award-winning project is well-suited for e-commerce, warehouse, and logistics tenants and features a 40-foot clear height, numerous dock doors, and ample parking. Southern Industrial Center is strategically located with direct access to major highways, making it an attractive option for businesses. The project was recognized with the WESTMARC 2023 Best of the West award and incorporates eco-friendly features to reduce its carbon footprint.
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Frequently asked questions
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
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