Sterling purchased for $7 million a 324,000-sf industrial building at 1402 E. Buckeye Rd., just west of the city's main airport, Sky Harbor International Airport. Sterling has begun renovation and expansion of the facility, which will have 434,000 sf when completed.
The building will be part of the Sterling Exchange Network, which has a series of technology exchanges throughout the country. The network provides core bandwidth to a variety of telecom carriers, local exchange carriers, web hosts, Internet service providers and application service providers.
Sterling entered the Phoenix marketplace early this year when it purchased a 320,000-sf building in downtown Phoenix. The company converted the building into the Downtown Phoenix Technology Exchange.
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