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PHOENIX-An Auburn, WA-based firm has relocated its Phoenix operation into a 5,120-sf general industrial building in Phoenix under an all-cash deal that gave the buyer expanded space in its own single-user property with fenced yard space.

Micron Holdings, which operates under the business name of Connect Air, purchased the 4841 S. 36th St. building, located in the Sky Harbor submarket, from International Capital Partners, a Phoenix-based partnership with several office and industrial holdings.Andy Markham, with Grubb & Ellis/BRE Commercial, tells GlobeSt.com that the property was ideally suited for the electronics distributor and manufacturer.

“They wanted their own building and this was perfect for them,” Markham says. “It’s a nice looking, split block building–a good owner-user building in the Sky Harbor submarket. The office-to-warehouse ratio was perfect for what Connect Air was looking for.”

The firm presently is in the process of moving from a multi-tenant building at 48th Street and Broadway in Phoenix, says Markham, who along with Marc Tuite and Mike Haenel, also with Grubb & Ellis/BRE Commercial, negotiated the acquisition on behalf of the buyer. The seller was self-represented in the transaction.

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