CHANDLER, AZ-A Scottsdale-based development company has acquired one of the last remaining parcels of the 130-acre Westech Corporate Center through its acquisition of 18.3 acres for $3.6 million.The buyer, Forum Capital, LC, plans to develop industrial facilities on the property, located at the northeast corner of Arizona Avenue and Warner Road."The property is zoned, the plan needs to be approved through the City of Chandler, and it should break ground within the next year," says Andy Markham of Grubb & Ellis/BRE Commercial LLC's industrial group in Phoenix who with colleague Mike Haenel, represented the seller, SunAmerica Life Insurance Co.Doug Tymriris with SunAmerica was also on hand for the buyer, while the seller was self-represented in the transaction.Markham tells GlobeSt.com that Westech has no land remaining, excepting a parcel currently in escrow and scheduled to close in March, 2006."The buyer's original plans were to develop retail space in conjunction with a Wal-Mart deal that was going on just to the south of the parcel," Markham adds. However, when Wal-Mart decided not to develop on the location, Forum opted to follow through with the closing, and developing industrial product instead."Something like this is great for an investor," Markham adds. "Chandler is a booming market right now."Forum Capital is in the process of other development projects in the area, including expansion of the one-million-sf Portales Corporate Center in Scottsdale, and Retail Shops at Portales, a 100,000-sf upscale shopping center next to the office park.