The 63,460-sf building at 4002 N. 36th Ave. will be occupied by Ad-Print Inc., which leased the building earlier this year with an option to purchase.
Rob Stephens of Cushman & Wakefield of Arizona Inc., tells GlobeSt.com that seller Whalen, Long & Shapiro of Long Beach, CA converted the structure from a furniture manufacturing plant, adding about 4,000 sf of office space, new roof and other renovations before selling it to Atilla's LLC, led by Ad-Print owner Attila Veras.
"The sellers really wanted to lease the building," said Stephens, who represented Whalen, Long & Shapiro in the transaction, "but (Veras) has million of dollars in machinery in there and didn't want to be in there without having the option to buy.
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