PHOENIX-Western Millwork's owner gives the green light for a 33,962-sf acquisition in the Hewson Westside Business Park. The $1.4-million purchase closes just four months after the firm signs a two-year lease.

PHOENIX-Gray Development trades the 138-unit Clarendon Park to Solid Goods Corp., a La Jolla, CA-based investor floating a $7.2-million bridge loan to make the close. The buyer outruns 11 other investors trying to lasso the deal.

PHOENIX-With the office market still a challenge, owners continue to set the hook with free rent and full TI packages. A Florida-based software company takes the bait with a five-year lease, worth $3.7 million, for 32,910 sf in the Four Gateway office building.

MESA, AZ-After a seven-month run on the market, the 86-unit Mesa Terrace passes from a California seller to a local buyer gaming out a condo conversion for the two-bedroom units. With 40 empty apartments, the plan can start ASAP.

CHANDLER, AZ-Add 39 more acres to this southeast suburb's growing roster of mixed office and industrial developments. ACalifornia buyer has picked up 39 acres for $7 million withplans to develop up to 500,000 sf of product in thenext year and a half.

PHOENIX-A Denver-based grocery distributor lands inthe competitive Southwest submarket with a seven-yearlease worth just north of $1.3 million for 72,158 sf.Bonuses come in the form of close proximity toI-10, as well as location directly between twofull-diamond interchanges.

SCOTTSDALE, AZ-A loan servicing and collectionscompany signs a 66-month, 28,915-sf lease worth $2.9 million. The deal enables the company to consolidateits headquarters and expand by 10,000 sf.

PHOENIX-The Atlanta-based Wood Partners is seeking a $1.4-million abatement to build a 300-unit project on a three-acre CBD tract. The hope is to break ground in early 2005 so the "for rent" units would be ready to occupy in second quarter 2006.