Jan Gradle will open doors at the 2005 start at 1075 S. IdahoRd. "Gradle didn't feel that the needs of the community were beingmet," says Devpal Gupta, head of Equis Corp.'s Phoenix office.

Gupta, who brokered the deal with Equis' Steven Ashhurst, tellsGlobeSt.com that Apache Junction is experiencing a lot ofresidential growth, but does not offer a lot of office space. "Thespace that is available is leased up quickly," says the tenant'sbroker.

Apache Junction Pediatrics' space is similar to an office condo,Gupta says. The 20,000-sf, single-story building was built on aspeculative basis by Coldwell Banker Success Realty of Phoenix. Thejust-finished building is now about 50% leased while itsone-year-old sister building, 18,000 sf, is fully occupied. Thebuildings' quoted rents run from $18 per sf to $20 per sf, fullservice. Coldwell Banker Success Realty's in-house broker BarbaraSchultz negotiated its terms.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.