Electronics manufacturer buys Chandler building, adding Arizona production lines

An Arizona-based electronics manufacturer has bought a new building in Chandler to accommodate a fourth production line.

An arm of First Electronics Inc. paid $3.5 million for the 35,100-square-foot manufacturing building in Chandler.

The circuit board maker currently is located in a 14,000-square-foot building in Tempe.

FEI also makes cable and wire harnesses, and electromechanical boxes.

NAI Horizon Senior Vice President Rick Foss represented the 7Chilton LLC, an entity managed by FEI owners, in the Chandler sale.

The seller was Sun State Builders.

Arizona’s semiconductor and electronics industry has taken some hits in recent years via globalization and changing market dynamics.

Foss said FEI is still figuring out when and how many employees it will add at its new Chandler base near Elliot Road and Arizona Avenue.

“The new building is triple the size of the current facility to handle the tremendous growth First Electronics has experienced over the past few years and accommodate its future growth,” Foss said.

The woman-owned company was founded in 1985.

by

Mike Sunnucks writes about residential and commercial real estate, government, law, sports business and workplace issues.

http://www.bizjournals.com/phoenix/news/2017/01/30/electronics-manufacturer-buys-chandler-building.html

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