The privately owned HSL Properties Inc. has the taken the keys to MicroAge's three-story office building in a sale that equates to $56.66 per sf. The office building is located at 1330 W. Southern Ave. on the northeast corner of Southern Avenue and Priest Drive. It's less than a half mile from the Superstition Freeway and Interstate 10.

The price was so far below replacement costs, Humberto Lopez, president of HSL Properties tells GlobeSt.com, that it seems like a good investment even with a slowdown in demand for office space. "I thought it was a hell of a deal," he says. "I can move someone in for very few dollars. I can be very competitive."

MicroAge never occupied the bulk of the fiber optics-wired building so there is no reconfiguration required. The building was completed just as MircoAge hit hard times and was forced to cut production and staff. MicroAge had been one of the Valley's largest employers and a rising star, but has been forced to sell assets as part of its bankruptcy proceedings.