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PHOENIX-Global Communications Technology signs for eight years at a cost of $820,000 for the office space and equipment of Universal Access. The software firm will move into 2600 N. Central Ave. in the coming weeks.
GLENDALE, AZ-A Phoenix investment group bests nine others in the race for the Country Gables apartments, a class B complex with a historical high occupancy due to a positioning across the street from a school.
PHOENIX-The public health and bio-medical department will shift the administrative offices to the Good Samaritan Professional Building. The five-year lease carries an $18.50 per sf rate.
PHOENIX-A California couple shells out just $600,000 shy of the asking price for the Links, a 207-unit complex fronting a golf course. The higher per unit price than comparable product didn't faze the 10 investors chasing the deal.
SCOTTSDALE, AZ-Dore Achievement Centers taps 10,260 sf at 6900 E. Camelback Rd. for a treatment center for children and adults with learning disabilities. The Louisville, CO-based operator will pay $23.50 per sf net for the next five years.
PHOENIX-The hot pursuit of the Ventura Vista gated community ends with a price that's just $200,000 shy of the ask set by developer PB Bell Cos. The "very special" two-story building was more than 90% leased at sale, the broker says.
PHOENIX-The firm is getting comfortable in 22,681 sf at Canyon Corporate Plaza after signing a seven-year lease for the class A space. The firm relocated from 17,000 sf of class C space, but still cut a deal that was a budget saver.
SCOTTSDALE, AZ-The 388-unit Enclave Apartments leverage a $36.2-million conversion loan and $10 million in mezzanine financing to change the rental complex into condos. The 900-sf to 1,600-sf units will come to market later this year.
PHOENIX-Career Success Schools takes over 7,035 sf that once housed another charter school, delivering move-in condition so classes can start in August at the 301 W. Roosevelt St. property.
TUCSON-A California buyer, with a nursing home portfolio, writes a $2.6-million check to the locally based owner of Sunbridge Catalina, which put it up for sale after Sun Healthcare decided not to renew its lease.