The nonprofit group bought the 30,000-sf office building at 201W. Coolidge St. in Phoenix from Matrix Bancorp. Inc. The sale wasnegotiated by the local office of CB Richard Ellis.

Donor Network plans to convert the complex into an organ andtissue repository. Completion is schedule for January.

Downtown Phoenix's available supply of class A office space hasdwindled in recent years. At the start of the third quarter thevacancy rate for class A in Downtown was a mere 1.4%. But plenty ofclass B space remains available, with a vacancy rate of more than20%.

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