PHOENIX-Sterling Exchange Network, an affiliate of Chicago-based Sterling Capital, is expanding its network of telecom hotels in the Valley with the purchase of an industrial building near the airport and a parcel of land Downtown.

Sterling purchased for $7 million a 324,000-sf industrial building at 1402 E. Buckeye Rd., just west of the city’s main airport, Sky Harbor International Airport. Sterling has begun renovation and expansion of the facility, which will have 434,000 sf when completed.

The building will be part of the Sterling Exchange Network, which has a series of technology exchanges throughout the country. The network provides core bandwidth to a variety of telecom carriers, local exchange carriers, web hosts, Internet service providers and application service providers.

Sterling entered the Phoenix marketplace early this year when it purchased a 320,000-sf building in downtown Phoenix. The company converted the building into the Downtown Phoenix Technology Exchange.

Sterling recently closed escrow on a parcel of land adjacent to the Downtown Phoenix Technology Exchange for future expansion of the telecom hotel. The parcel, at the northeaster corner of Central and Van Buren avenues, will contain a two- to four-story building with from 200,000 to 400,000 sf of space. The company expects to break ground on the new facility in 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.