"This group was the most aggressive and they were in a 1031Exchange. This size accommodated that exchange well," DennisDesmond, a senior vice president in Phoenix for Dallas-basedTrammell Crow Co., tells GlobeSt.com. "They had a good trackrecord. We had not done business with them before, but ourinvestigation of their history in Phoenix was positive."

Granite Capital Investments Inc. of Los Gatos beat severaloffers and brought the highest bid for the four-year-olddevelopment. The 55,591-sf Clearview Commons sits on 4.5 acres inthe 150-acre Superstition Springs business and office park. Thesale included two buildings: the 34,829-sf Building A and 20,762-sfBuilding C. A third building sold several months ago. GraniteCapital obtained acquisition financing from Charlotte, NC-basedWachovia Corp., serviced through Johnson Capital Partners ofArizona in Phoenix.

Located at 7205 and 7211 E. Southern Ave., Clearview Commonsoriginally went to market last October with an asking price of $7.1million, says Desmond. Rents average $12.50 per sf, with tenantsranging from office, industrial and retail users, including H&RBlock, Quizno's, Edward Jones & Co. and Barro's Pizza.