Little Rock, AR-based Acxiom purchased 18.5 acres at the southeast corner of 7th Street and Loop 101 in Deer Valley, which lies north of Phoenix. The seller is Orsett Southwest Ltd., a Wellesley, MA.-based developer. Orsett purchased the parcel, along with another 1.5 acres, in March. Orsett is in escrow with another buyer on the 1.5-acre parcel.

Acxiom also purchased Orsett's building plans for the site, two, two-story buildings totaling 200,000 sf. Orsett will remain as the development manager for the Acxiom project, which is scheduled for completion next spring.

"This transaction is a great example of what happens in a very tight Deer Valley office market," says Ashley Brooks, Jr., associate director of Cushman & Wakefield, which represented Orsett in the negotiations. "When Acxiom could not find expansion space readily available, it shifted plans and decided to purchase land to develop its own facility."