TEMPE, AZ-A California buyer, satisfying a 1031 Exchange, gets a 14,911-sf, fully leased building in the Sky Harbor Industrial Park. The private investor's tenant is a health-care firm with three years to go on its lease.

SUGAR LAND, TX-Bought in January, the 134,000-sf, 93%-occupied center stands as collateral for an interest-only loan with an intermediary term. Florida's Regency Centers gets the capital from Allstate Life Insurance Co.

PHILADELPHIA-The McMurray, PA-based developer plans New Stanton Technology Park around the existing 330,000-sf former Robertshaw Controls manufacturing facility at 1 Siebe Dr., at the New Stanton exit of the ennsylvania Turnpike. The Robertshaw building is 30% leased to Westinghouse.

SAN DIEGO, CA-The 76,000-sf build-to-suit development within the Mission Valley Heights business park has been leased for 20 years by The Art Institute of California, which will use the space for its San Diego campus. The developer is H.G. Fenton Co.