Newmark Knight Frank announced it has arranged a lease on behalf of OnePointOne, a Silicon Valley-based developer of vertical indoor farming, at Avondale 107, a large industrial development in Avondale, Arizona, roughly 15 miles outside of Phoenix.
Newmark’s Managing Director Robert Stephens represented the tenant in the transaction. The landlord, Eisenberg Company, was represented by an outside firm.
“It was a pleasure working with the OnePointOne team on their first expansion outside of California,” said Stephens. “The project is ideally located in the heart of the southwest valley industrial market and perfectly fit for OnePointOne as they continue to grow and revolutionize the way of farming.”
OnePointOne was founded by two brothers with the vision of creating a global network of automated vertical farms through innovations in automation, AI and plant science to ultimately grow food and develop necessary medicines to curb world hunger.
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