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IT Firm Buys Cotton Center Commons Building

PHOENIX-Extreme Integration signs a $2.4-million purchase agreement for a 21,120-sf building on four acres at 4657 E. Cotton Gin Loop. The firm is getting ready to for a doubling of the operation over the coming 18 months.

By Lee Simmons | Updated on March 30, 2004

PHOENIX-Extreme Integration has purchased a 21,120-sf spec building in the Cotton Center Commons for $2.4 million from RBK Development Inc. of Phoenix.

“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.

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