NOL GROUP LEASES 70,000 SQUARE FEET AT MAX AT KIERLAND

SCOTTSDALE, ARIZ. — NOL Group, parent company of APL, has signed a long-term lease for approximately 70,000 square feet of office space at MAX at Kierland, a 257,000-square-foot office complex located at 16220 N. Scottsdale Rd. in Scottsdale. Singapore-based NOL will occupy one-and-a-half floors of the building for its new regional headquarters in the Americas. Additionally, the company expects to relocate its current regional headquarters from Oakland, Calif., by the end of the third quarter. The new facility will coordinate APL’s shipping, terminals and logistics activities throughout the Americas, including marine operations to intermodal transport of containers by rail and truck. Eric Danielson of Studley and Patricia Boyd and GeeGee Entz of Arizona Commercial Advisors represented NOL; Patrick Devine, Jerry Noble and Greg Mayer of CB Richard Ellis represented the landlord, Trammell Crow Company and ING, in the transaction.