PHOENIX-Two insurance firms have taken 8,979 sf in the Paradise Valley Corporate Center in separate five-year leases with a combined value of nearly $1 million.

Phoenix Life Insurance Co. will take 4,207 sf at the 4835 E. Cactus Rd. building while Duley-Bowlar Insurance, a local agent for Phoenix Life, has signed for 4,772 sf. Both insurance agencies will share the fourth floor of the 160,000-sf building when they move in June 1.

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