SCOTTSDALE, AZ-A 10,147-sf office and light industrial building in the Scottsdale Airpark has traded hands for $1.2 million, allowing a local crafts company to own its own facility and lease out a portion at the same time.

Locally based Tin Works, a custom metal works company that makes handcrafted decorative arrangements, purchased the building at 8261 E. Gelding Dr. after it was on the market less than one month, sources say. The company is moving from another airpark location, 7625 E. Redfield Rd., where its lease has expired and which it had started to outgrow, says Trammell Crow Co.'s local broker Michael Kitlica, who represented the buyer in the transaction. Once they saw the building, they jumped on it quickly, he says. "It's practically impossible to find a 10,000-sf freestanding building in the airpark," he tells GlobeSt.com. "They have been in the airpark for 20 years and wanted to stay near there."

The building was sold by the Al-Dasuki family of Scottsdale, which runs an organization that finds jobs for disabled people. That organization, which was represented by Mark Crismon of Airport Property Specialists, will remain in the building and lease about half of it back from Tin Works, Kitlica says.

Tin Works, which anticipates a long-term hold on the asset, does not plan to do any renovations nor is there room for future expansion on the property, according to Kitlica. But if the company continues to grow and wants more space, he says they may consider taking over the Al-Dasuki space.