BAER BRAKE SYSTEMS SIGNS 60,292-SQUARE-FOOT LEASE

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PHOENIX — Baer Brake Systems has signed a 10-year lease for 60,292 square feet of industrial space at 2222 W. Peoria Ave. in Phoenix. Baer plans to relocate its headquarters to the new facility, which features office and showroom space, a fenced yard, three loading docks and air conditioning. Mitch Stravitz of Colliers International’s Scottsdale, Ariz., office represented the tenant; Tom Semancik of Commercial Properties Inc. and Jim Ryder of Capital Realty Advisors represented the landlord, Presson Equity Partners, in the transaction.

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