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PHOENIX-A tenant has turned into the owner of two manufacturing buildings with the $2.9-million sale of the 105,000-sf property.

GRT Land Co. LLC picked up Aztec I and II at 110 and 111 S. 41st Ave. in Phoenix in a deal that gave its affiliate, ITC Manufacturing Co., a maker of retail rack systems, a permanent home in a building it had occupied for several years. “They needed to own the asset and were able to work with the owner to create a win-win” situation, Tony Lydon, an industrial adviser for Grubb & Ellis

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