CORFAC News

Cleveland, Ohio (February 10, 2011) – Weber Wood Medinger/CORFAC International’s James Klements, SIOR, CPA,today announced that he is co-brokering for sale or lease a manufacturing facility campus in Mesa AZ on behalf of his company’s longtime client TRW Automotive, which is based in Livonia, MI. Andy Jaffe, SIOR, with Commercial Properties Inc./CORFAC International in Tempe, AZ is the other co-broker on the listing assignment. CORFAC is a leading full-service commercial real estate provider serving corporate clients on a national basis.The campus is located at 11202 East Germann Road in Mesa, AZ. TRW Automotive is the leader in automotive safety and produces advanced active systems in braking, steering and suspension, as well as sophisticated occupant safety systems including airbags, seatbelts and steering wheels. The company has over 60,000 employees working in approximately 185 locations in every vehicle-producing region worldwide.The TRW Mesa facility is comprised of a primary complex with six large buildings and several ancillary, smaller buildings on approximately 375 acres with two buildings currently occupied by TRW. The offering is to sell the entire 523,510-square-foot campus for $37,950,000 with TRW leasing-back two buildings comprised of 212,953 square feet.Alternately, the offering is to lease or sell the four unoccupied buildings, which are 22,940 square feet, 26,205 square feet, 121,530 square feet and 139,882 square feet, respectively. The purchaser of the property would acquire the entire 375-acre campus, which TRW had built for them in 1991. Individually, the asking price of these four buildings ranges from $1,725,000 to $7 million each.Concurrently, the four unoccupied buildings are also offered for lease with lease rates of $0.35 to $0.50 per square foot – all with triple net terms, meaning the tenant or occupier is responsible for the maintenance, property taxes and insurance. If the buildings are sold individually or leased, TRW would retain its two buildings totaling approximately 212,953 square feet on about 84 acres.“There are not many, if any available campus facilities that are zoned like this in the Phoenix area,” said James Klements of Weber Wood Medinger/CORFAC International. He added that “the property has substantial qualities and features for manufacturing, including an electrical sub-station adjoining the complex, 11,000 existing amps of 277/480 volt power, natural gas on site, fiber optic to each building, fully sprinklered buildings and 1,400 parking stalls.”“The likely buyer of the TRW complex and land will be either a substantial manufacturing company with a ‘plug-and-play’ opportunity to occupy and start producing, or an investor looking to capitalize on the highly improved facilities and the land for additional building development – there are some 234 acres of undeveloped land that can accommodate numerous new buildings,” said Andy Jaffe of Commercial Properties Inc./CORFAC International.For more information please contact:Andy Jaffe, SIORCommercial Properties Inc./CORFAC InternationalD: 480.214.1132M: 602.330.8777ajaffe@cpiaz.comAbout Weber Wood MedingerSince 1968, Weber Wood Medinger (WWM) has provided an extensive range of real estate services to corporations and investors locally, nationally and internationally by working with a ‘best-in-class’ business model and partnering with the most qualified real estate professionals in multiple markets to represent its clientele. The company has represented more than 30 Cleveland-area companies in selecting headquarters facilities for their respective businesses and in a variety of methods, including lease, acquisition, build-to-suit development and ground-up construction. The firm’s principals have expertise in corporate consulting, strategic planning, tenant representation specializing in office, R&D and industrial properties, marketing, public accounting, transaction analysis and landlord representation. For more information visit www.wwmrealestate.com or call 216.464.7100.About CORFAC International

CORFAC International is one of the largest commercial real estate services organizations in the world and founded in 1989. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDIin Mexico,Rios Commercialin Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion.  For more information on CORFAC contact 954-923-6160, info@corfac.com or visit www.corfac.com.