PHOENIX-The office products, on the market at least a year, sell for $4.2 million to two buyers sizing up turnaround opportunities. One gets a 40,946-sf Sky Harbor building and the other lands a 27,036-sf, five-building complex in the northwest submarket.

FOUNTAIN HILLS, AZ-Staletovic Property Holdings shells out about $3.2 million for shopping centers in Fountain Hills and Mesa to join a growing wave of property buyers dumping multifamily portfolios for solid retail products around town.

PHOENIX-A California investor closes on the 36-unit Phoenix, a 41-year-old holding with turnaround promise. Positioned near class A properties, the just-bought complex had four openings at sale time.

MESA, AZ-An Ohio buyer wins the race for the Sandbridge, a two-year-old complex developed by Fairfield Residential. The 91%-leased complex has units that average 893 sf with a median rent of $900 per month.

PHOENIX-Long-term investment is the game plan for two California investors as they lay down about $1.8 million for a 32,400-sf industrial building in the Sky Harbor submarket. Full occupancy and a sub-9% cap rate lure the buyers to the deal.

PHOENIX-JB's Family Restaurant cuts a $1.3-million sale/leaseback with a Mountain View, CA, buyer. The central corridor trade came with an 8% cap rate and a brand-new, 20-year lease for a buyer obtaining a $690,000 loan to make the close.

PHOENIX-In unrelated back-to-back deals, two California investors get Colter Street properties primed for turnarounds once extensive renovations are done. The apartment complexes bring a combined $2.5 million for the sellers.

PHOENIX-The Southeast Valley's rich labor pool and high-end office offerings convince Adtron Corp. to sign a seven-year lease for 20,609 sf. The locally based assembler of computer parts and accessories is planning a June move to the Allred Cotton Center.