Caven Real Estate Investments purchased a parcel just west ofthe northwest corner of Hayden Road and Thompson Peak Parkway for$2.44 million. The company plans to begin construction by year-endon eight, freestanding buildings on the site. Two will be10,600-sf, another two will be 8,000-sf, and the remaining fourwill be 6,700-sf. The project will have a Santa Fe theme design.Construction is expected to take seven months.
Individual buildings will be priced at $200 per sf, whichincludes a $35 per sq of tenant improvement allowance.
The land parcel was sold by Grayhawk Development CompanyInc.
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