Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
PHOENIX-Innovative Debt Recovery Inc. will set up the team in 1,407 sf at 49 E. Thomas Road, signing a lease valued at $40,100 in a 1974, two-story building with a good location and more room for the debt collection agency to expand its headquarters.
GLENDALE, AZ-The developer of the Arrowhead Commerce Park sells a second building, 7,740 sf, to an investment group that immediately sets up an internal medicine and urgent care center. A third building is in escrow and two more are being eyed.
PHOENIX-Boston Medical Group Inc. OK's a six-year lease, worth $118,416, for a 1,553-sf office in the Siete Square IV office building in the Downtown North submarket. The clinic and consultation center is aiming for a May move-in.
PHOENIX-Two San Francisco investors cite location as the motivating factor behind the deal for the 11-unit, East Phoenix apartment building. The 8,000-sf complex, built in 1960, reels in $430 to $550 per month for units ranging from 575 sf to 850 sf.
SCOTTSDALE, AZ-Gyro Engineering Corp. of California lays out about $8.2 million for the Evans Business Center, a 47,159-sf office building with 29 tenants. The buyer, with 1031 Exchange capital, assumes a $4.5-million, 20-year loan to make the close.
MESA, AZ-The shoe retailer pens a 10-year lease with a $740,000 value for the Falcon Gateway community center, joining a Wal-Mart Supercenter and Staples. The 3,000-sf store will open doors later this month.
MESA, AZ-Axia College crafts a five-year lease with a $1.4-million value for 12,524 sf in the Mesa Corporate Center. The Apollo Group subsidiary's inaugural location brings the class A office project up to 90% occupancy.
PHOENIX-The upscale multifamily property sells for $33.5 million to California-based SSR Realty Advisors near the desirable Camelback Corridor. SSR sees long-term dividends in the 360-unit development, renamed Reflections on Camelback.
PHOENIX-A California private investor buys the 138-unit Amber Ridge for $5.6 million to mark the asset's second sale in a year, Amber Ridge exemplifies the type of mid-1980s multifamily product that investors are seeking in the metro.
PHOENIX-A Phoenix investor closes on the $2.4-million purchase with proceeds from a 1031 Exchange. CSK Auto, Checker's parent company, recently began selling properties with long-term leases to help finance expansion efforts.