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CHANDLER, AZ-A $2.45-million offer bought a fully leased, 26,191-sf flex industrial building in the South Park Industrial Center in a deal that allowed the new owner, Collwell’s Inc., to turn around proceeds from a Los Angeles sale in a 1031 exchange.

Paul Sieczkowski of Colliers International’s Phoenix office said the single-story property at 261 North Roosevelt Ave. near Interstate 10 and Chandler Boulevard is leased to PRG Schultz, an auditing firm that services grocery stores worldwide. The company, which has four years remaining on its five-year lease, is the building’s sole occupant.

Seller CMT Investments LLC bought the structure in 1999 shortly after it was built as an investment. Sieczkowski said the seller opted to divest of the holding because a partner in the group is retiring.

Sale of the building, which had been on the market for about three months, was negotiated by Sieczkowski along with co-brokers Mike Parker, Rob Martensen, all of Colliers International. The brokerage team represented buyer and seller in the transaction.

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