Chamberlain Development LLC, a purchasing entity representingSunState Builders of Tempe, purchased the site from park ownerJDMD-Apollo Venture LLC in Phoenix. Within two months, SunStatewill start work on an estimated $6-million, 100,000-sf facilityjust east of the northeast corner of 40th Street and Roeser Roadand then lease it to the La-Z-Boy franchisee for 10 years, SteveMardian, a senior vice president with Grubb & Ellis/BRECommercial, tells GlobeSt.com.

"They paid a pretty good price and put a nice name company inthe park and that will hopefully help attract other buyers down theroad," Mardian says. The parcel was on the market several years.Escrow lasted about 90 days.

SunState also got an option for another four acres, according toMardian, who represents the park owner along with Brian Lee ofGrubb & Ellis/BRE Commercial. The land is ticketed for anotheradditional build-to-suit or even a speculative project. The dealtakes the 280-acre Cotton Center development down to just 19 acresleft to sell.