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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