"This is a brand-new market for them," Laura Becker, a broker with Daum Commercial Real Estate Services' Phoenix office, tells GlobeSt.com. "Technically, it is a clinic although it won't include a lab and blood work."Located at 3877 N. 7th St., the four-story Siete Square IV was built in 1986 and totals 57,277 sf. The multi-tenant office building is one of four in an office park that sits in the mid-town submarket of Downtown North, where office vacancies are 22%. Lease rates start at $15.50 per sf. The building was completely renovated in 2002 and offers close access to Interstate 10.Becker represented the tenant, who is planning a May move-in. Amy Whatley of Colliers International represented building owner, Century National Properties Inc. of Seal Beach, CA.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.