"We were looking at quite a few buildings and Extreme was growing at 25% a year," Dev Gupta, an associate vice president with Equis Corp.'s Phoenix office, tells GlobeSt.com. Gupta represented Extreme Integration in the deal. Mark Pierce and Tom Boyle with Phoenix-based Lee & Associates negotiated for the seller.

The three-year-old, class A spec building is located on about four acres at 4657 E. Cotton Gin Loop near the intersection of 48th Street and Broadway. Phoenix-based Extreme Integration obtained a $2.3-million, 20-year SBA loan from Wells Fargo to seal the deal. Gupta says the building's appraisal at $2.9 million and final purchase price gave the company immediate equity in the property. The central location also was crucial for Extreme's IT clientele.

Extreme Integration, a division of Extreme Corporate Cos., presently employs 45 people, with plans to grow to 70 employees over the next 18 months. The firm formerly occupied 8,000 sf at a building along 44th Street before purchasing its new headquarters. Gupta notes that the building's 5,000 sf of prepared office space proved a strong selling point in closing. Situated on about four acres, the company has plenty of room for a bricks-and-mortar expansion in the future. In addition to sales and administration, the company plans to store many of its telecommunications equipment in the two-story building.