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PHOENIX-Two professional office condos have been sold to a Phoenix doctor who plans to establish his medical practice in one of the buildings.

Dr. Michael Barry bought the properties, located at 4530 E. Muirwood Dr. in Phoenix and 3303 E. Baseline Rd. in Gilbert, for more than $2 million. Marc Pierce of Phoenix-based Lee & Associates Arizona, who negotiated both deals, said Barry plans to relocate his surgical practice to the Gilbert location in a complex known as the Executive Villas at Dana Point. Pierce said Barry bought two suites, totaling, 8,200 sf. He paid close to $1.6 million under his limited liability corporation, Barry Investments. Approximately half of that space will be available for lease.

Barry also purchased a 2,085-sf office condo in Phoenix at Foothills Medical and Professional Plaza, adjacent to a medical facility. The acquisition was done solely for investment purposes. That property, bought by Barry-owned Ariel Acquisitions, sold for $427,424.

Craig Wilett of Utaz Development represented the seller, Foothills MP Development LC in the Phoenix deal and Dana Point Development LLC in the Gilbert transaction.

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