13.08.2020, 13:21
EV Scooter Manufacturer Signs New HQ Lease
Electric vehicle manufacturer Phat Scooters has entered into a long lease for a 44,162sq. ft headquarters building at 3637 E Miami Avenue in Phoenix, Arizona.
The company was represented in transactions with Stadler Family Limited Partnership (the owner of the property) by Cushman & Wakefield’s Joshua Wyss and Christian Coraggio.
Phat Scooters’ new facility is a few minutes drive from Interstate 10 via South 40th Street, and offers close proximity to the Phoenix International Airport. It will be used for manufacturing, distribution as well as house the company’s corporate offices. One of the major attractions of the property is the more than three acres of paved fenced yard that will be used as a test track by the company. Phat Scooters is expected to take occupancy of its new Phoenix facility in September.
Joshua Wyss, Senior Director, says: “The Miami Avenue building is uniquely suited to fit the company’s needs while maintaining a central location to provide easy access to its local customers. While the site will be used for distribution, it will also feature manufacturing and a research & development lab to support further product innovation.
“Together with our client, we began the search for their new headquarters almost a year ago, evaluating several properties over that time, but none were ideal to Phat Scooters’ unique needs. Through frequent market interaction, we were able to identify the Miami building immediately after it became available, and Phat Scooters reacted quickly—our first site visit occurred within two days after the property hit the market.”
The electric Phat Scooter is viewed as a fun ride and innovative game-changer in how we move around, leaving a zero to minimal carbon footprint. Phat Scooters is deemed evolutionary rather than revolutionary in golf and in all sorts of family entertainment, with a corporate culture built on creativity, togetherness, and humanity.
Peter Johnson, Phat Scooters CEO, comments: “We are excited to be opening our new headquarters within the Phoenix Metro area—a place we are so proud to call home and having grown from just a small garage operation to now this large facility as result of our amazing growth and success.
“In addition to the fun and imaginative line of scooters we offer, this growth has been the result of the wonderful culture of our team and all their hard work.
As a company we saw 300 per cent revenue growth from 2019 to 2020, while increasing our employee base from 15 to 60 since last summer. We hope our new space, which is also heavily focused on customer experience, will allow for further growth heading into just our fourth year in business.”
In addition to the new facility, Phat Scooters is currently producing its own docu-series called “Riding Phat” and has a five-year distribution agreement with Sony Entertainment/Chicken Soup for the Soul for the streaming platform Crackle.
Phat Scooters President, Derrick Mains, explains: “The show will follow the growth, challenges and adventures of the Phat Scooters team and will feature appearances from celebrity clients.
“We have been working with other local business partners to be a part of the show as well Rockford Fosgate, BlueMedia and other local and national vendors are helping out with product placement and locations.”
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