This story was written by Corina Vanek and was originally published on the Phoenix Business Journal.
A Valley building components manufacturer is moving its headquarters from Tempe to Gilbert after leasing 140,000 square feet.
Kapture Prefab manufactures prefabricated building components for large-scale commercial projects. The firm pre-assembles components for a multitude of trades, like wall panels off-site, which are then delivered to the construction site and installed.
The company leased in the Fiesta Tech Center industrial park, at 1300 N. Fiesta Boulevard and is owned by Nearon Enterprises. Kapture Prefab was previously located at 412 W. Alameda Drive in Tempe. The new facility will allow the company to expand its headquarters and manufacturing footprint.
Phil Haenel, Mike Haenel and Andy Markham with Cushman & Wakefield’s Phoenix office represented the tenant in the transaction. Pete Klees and James Harper also of Cushman & Wakefield represented the landlord.
Nearon Enterprises bought the two-building, 215,000-square-foot industrial park for $18 million in 2019, according to real estate database Vizzda.
“This was an exceptional location able to accommodate Kapture’s specific growth needs, and which the company was particularly drawn given the abundance of yard space and location in the heart of the Southeast Valley in Gilbert,” Phil Haenel said in a statement.