PHOENIX–MIG Real Estate of California haspurchased an 89,835-square-foot, class A office building here.

Arcadia Gateway Center is located at 4222 EastThomas Road, in a central Phoenix submarket with nearly four timesthe market's average submarket net absorption resulting in one ofthe lowest submarket vacancy rates in Phoenix.

The four-story office building features avariety of suite sizes and a three-story, detached parkingstructure. The building is currently 93%leased.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.