(To read more on the industrial market, click here.)
PHOENIX-Lauth Property Group has sold 17 acres, bought about twoyears ago near Sky Harbor International Airport, for $7.62 millionin an off-market trade with LNR Properties of Newport Beach, CA.The new owner is planning to build 246,000 sf of industrial condospace.
Word is that ground will break soon on Washington AirportCenter, which will be marketed at $110 per sf. The development isscheduled for completion in early 2007.
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