PHOENIX—Southbank Business Center located at 3279, 3401, 3411 and 3421 E. Harbour Dr. in Phoenix was sold. Financial terms of the sale of the four-building, 108,285-square-foot industrial/flex property were not disclosed.

Mike Parker and Evan Koplan with CBRE's Phoenix office represented the buyer, Newport Beach, Calif.-based Turner Real Estate Investments. The seller, Jupiter Holdings, LLC, also of Newport Beach, was represented by Luke Walker, Dave Carder and Eric Schultz of CBRE.

“Turner Real Estate Investments was relentless in the pursuit of these buildings. The company was extremely thorough and diligent throughout the process and performed as expected at the close of escrow,” says CBRE's Parker. “Turner is in the process of renovating and repositioning the buildings in the market on a for-sale and for-lease basis, and the property is already garnering activity from prospective users.”