PHOENIX-A private investor with substantial holdings in the Phoenix area has added to his portfolio with a $1.2-million land purchase. The plan is to build out the land with multi-tenant industrial space.

SHELBY TOWNSHIP, MI-In inking a new deal with a current landlord, Quantum Graphics, known for its specialty printing services for point-of-sale displays, expands to 40,000 sf in the Hayes Tech Industrial area.

HUMBLE, TX-Continuing its aggressive expansion plan, Wachovia has executed a 49,223-sf ground lease for the Market at Lake Houston. The deal opens doors to begin work on 60,000 sf of junior anchor space in the 107,000-sf shopping center.

HUMBLE, TX-Continuing its aggressive expansion plan, Wachovia has executed a 49,223-sf ground lease for the Market at Lake Houston. The deal opens doors to begin work on 60,000 sf of junior anchor space in the 107,000-sf shopping center.

PHOENIX-Tom Fair of Bronco Real Estate Corp. in San Rafael, CA pockets his second deed in a month in the metro, paying $16.35 million for the 428-unit Hunters Ridge. To close the deal, he assumes a loan with a four-year balance and 7% interest rate.

SPRING, TX-The United Methodist Church of the Woodlands deploys part of a large capital campaign into buying a warehouse on 10.5 acres along Grogan's Mill Road. The asset, listed at $4 million, abuts three acres already in the congregation's hands.

STERLING HEIGHTS, MI-State Farm disposes of its last office building in the Detroit area with the $1.85-million sale of its property at 43900 Schoenherr Rd. The remaining property in Michigan is approximately 100 miles west of Detroit in the City of Marshall and serves as the company's regional headquarters.

STERLING HEIGHTS, MI-State Farm disposes of its last office building in the Detroit area with the $1.85-million sale of its property at 43900 Schoenherr Rd. The remaining property in Michigan is approximately 100 miles west of Detroit in the City of Marshall and serves as the company's regional headquarters.