Total Square Footage: 57,350
Acquired: August 30, 2022
Tenant Name: ArmorWorks Holdings, Inc.
On August 30, 2022, Royal Oak acquired the manufacturing and distribution facility of ArmorWorks Holdings, Inc. (“ArmorWorks”) located in Chandler, AZ. The property is located in the Phoenix, AZ metropolitan statistical area. ArmorWorks signed a 15-year absolute net lease at closing.
The property is a 57,350 square foot facility that sits on approximately 5.80 acres. The building construction is tilt-up concrete panels and concrete and stone block, with a clear height of 24-feet and four docks. The property is well located at the intersection of Phoenix’s two main freeway systems with freeway frontage in the Southeast Valley cluster of industrial submarkets. This facility serves as Armorworks’ primary facility for the manufacturing and fabrication of all products.
Founded in 1996, ArmorWorks is a defense and security company providing innovative protective technologies and products worldwide. ArmorWorks brings their products to market through a family of brands that includes ArmorWorks armor and ballistic protection; ShockRide energy-absorbing products (seats, floors, stowage); and BarrierWorks infrastructure and critical asset protection. A majority of ArmorWorks’ business is with the U.S. Department of Defense, including all services, as well as many defense and commercial Original Equipment Manufacturers. ArmorWorks has approximately 200 employees, and the management team has over 40 years of experience in the aerospace and defense industry.