PHOENIX-S-J Management LLC of Seattle acquires the Monterra Apartments at 1333 N. 24th St. for $18.2 million from Gray Development. The 96%-leased asset appraises at nearly $1 million more than the purchase price.

HOUSTON-A pair of warehouses, once distribution hubs for Consolidated Freightways, will go up for sale Thursday, the final pieces of a 229-property disposition of the bankrupt Vancouver, WA-based company. The warehouses are appraised at $4.8 million.

MESA, AZ-Power AZ LLC of Laguna Niguel, CA, buys the 12,068-sf Baseline Power Shops for $4.1 million or more than $340 per sf. The 100% leased center is located at 6736 Baseline Rd. in a highly affluent area.

PEORIA, AZ-The Plaza Cos. acquires eight acres at Thunderbird Road and Plaza del Rio Boulevard for $2.1 million from Sun Health Properties Inc. The company plans to develop a 100,000-sf to 140,000-sf, mixed-use project on the land.

HOUSTON-Westwind Logistics leases warehouse space at 4411 Darien St., signing a medium-term lease to get extra operating space to go along with its 180,000 sf at 4800 Blaffer St. The just-signed deal takes a 157,500-sf building to 100% occupancy.

LOUISVILLE, KY- Despite weak sales and a recent corporate downsizing, Papa John's continues its international expansion.

MESA, AZ-Tiburon Apartments trades for $18.5 million to Bascom Arizona Ventures, a partnership between the Bascom Group and Multifamily Advisors. The partners plan to sink $4 million into renovating the class B complex.

CONROE, TX-Martin-McLean decides to move the 15-member team after a key engineering executive returns to his native state. The move is capped with a lease of an empty warehouse and a plan to buy it in 2005 from a Miller Brewing Co. subsidiary.