PHOENIX—Santa Ana-based MCA Realty has partnered with HG Capital to acquire a 72,241-square-foot industrial and manufacturing asset located at 6720 S. Clementine Court in Tempe. This is the second time the firms have partnered on an opportunistic acquisition in the Southwest.

MCA Realty has planned a comprehensive renovation of the building's interiors and exteriors to attract tenants in an increasingly tight market.

Andrew Jobst of Menlo Park-based HG Capital tells GlobeSt.com, “The asset is very well located in terms of industrial and housing. There was some deferred maintenance that we will be addressing before a renter can occupy. The building has a fair amount of power, good clear-height, so it's appropriate for distribution, manufacturing, or both. It would be a good fit for one tenant or two.”