Independent Electric Supply Inc. from San Carlos, CA will begindistribution and warehouse operations at 2626 S. Hardy Dr. in late2006. Built in 1968, the building formerly housed a regional callcenter for New York City-based Citicorp Credit Services Inc. Thestructure was on the leasing market, but the put up for sale by theDenver-based owner, Monaghan Farms. After Citicorp moved out a yearago, finding a single user to take on the lease had been achallenge, according to Greg White of CB Richard Ellis in Phoenix."So we just decided to sell it," he says.

White tells GlobeSt.com that the building attracted multipleoffers, with the buyer stepping up with strong terms. "The newbuyer will modify the building for its particular use," he says.Rich Sica with Phoenix-based GVA Daum Commercial represented thesupply house for the construction industry.