PHOENIX—Cassidy Turley announced that it completed the sale of 3.97 acres of industrial land located south of the southwest corner of 48^th Street and Washington Street. Papago Tech, LLC (Moshe Family Trust) purchased the property for $900,000 ($5.20/PSF) from Pacific Western Bank. Cassidy Turley Arizona's Rick Danis, Paul Boyle and Steve Mardian negotiated the sale transaction representing the seller. Adam Tolson and Chris McClurg of Lee & Associates represented the buyer.

Papago Tech, LLC plans to develop the property and construct a 60,000-square-foot building. LGE Design Build will manage the construction of the entire project.

In other news Cassidy Turley announced that Blandford Homes purchased 19.3 acres west of the southwest corner of Greenfield and McDowell Roads in Mesa for $3,200,000. The Gilbert-based private home building company is planning on building custom homes at the location. Executive Managing Director Brent Moser, Vice President Mike Sutton and Associate Brooks Griffith brokered the transaction. The seller was Horlacher Foundation, Inc. of Mesa.