PEORIA, AZ-Land buyers in Peoria and Phoenix pick up close to five acres apiece for industrial projects. The largest deal--$867,000--drives a handoff of 4.9 acres between 78th and 79th avenues for a six-building development.

MESA, AZ-In a complex, all-cash purchase, Rreef takes down 72.3 acres in partnership with Pacific Realty Advisors of San Diego and then sets up a limited liability company with Lincoln Property to build roughly 750,000 sf on 50 acres.

TEMPE, AZ-American National Insurance signs a five-year lease for 1,698 sf in a Tempe trade-up from class C space and Reliant Pharmaceuticals takes 1,200 sf for three years at a class A property in Scottsdale.

TEMPE, AZ-Transwestern Investment Co. bids adios to the metro Phoenix industrial market with a two-building sale at 1403 W. 10th Place. Scoring the win is Covington Green Associates of Scottsdale, putting up the closest offer to the ask.

PHOENIX-The San Francisco-based adviser takes the reins at North Loop 101 Business Center--19 acres with 167,776 sf in three buildings. The purchase comes with an extra eight acres, now earmarked for future office development.

TUCSON-A San Francisco partnership lays claim to 25,741 sf of inline space at Rincon Plaza. Ten days of marketing garners seven full-price offers on the recently renovated property, anchored by a corporate-owned Safeway grocery store.

PHOENIX-Armed with three-year leases, Joyce Van Lines of Oxford, CT and Phantom Inc. of Fort Lauderdale, FL take over industrial space at separate properties in the southwest corridor.

MESA, AZ-Orsett Properties pays $8.4 million for land in the path of Loop 202. Groundbreaking is contingent upon the freeway's completion so it most likely will be 2006 before any product debuts.