SkyMall Staying Put (But No Deals Signed from Mid-Air)

The company that lures you to shop 30,000 feet above the earth for things like Star Wars toasters, miniature singing gondoliers, and this zombie statue is just fine with its current HQ needs in Phoenix. We got our hands on Xhibit Corp's recent SEC filing about its facilities at 1520 E Pima St. According to docs, the company leases 20k SF for its corporate office and 14k SF for its tech ops and storage and call center through 2035. “Management believes that the company's existing facilities in Phoenix are sufficient for its current needs."

Xhibit, which merged with SkyMall earlier this year—producer of those ubiquitous shopping catalogues you find tucked into the back of airline seats—is subleasing its former nearly 16K SF HQ space at Hayden Ferry Lakeside I, which expires in 2018. Xhibit did not identify the sublessee in docs.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Phoenix Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

America's War Machine Is Growing, Sparking A Defense Real Estate Boom