SCOTTSDALE, AZ-The North Carolina-based banking institution is planning a phased attack to hike its presence in the local market, starting with a five-year lease in the former BofA building.
MESA, AZ-A group of Tucson investors paid the asking price for Weather Vane Plaza, which comes with three acres of developable land. The plaza is currently 83% leased to several tenants.
DALLAS-The Small Business Administration's Disaster Assistance office is increasing its space and decreasing its commute with a 15-year lease deal for space at Koll Development's CenterPort campus. The move-in date is set for April.
GOODYEAR, AZ-Five tenants have pre-leased half of a class A office project at 1646 N. Litchfield Rd. that is now under way. At least two other leases are in the works, according to those involved in the project.
FORT WORTH-The 18-year-old, 150-unit apartment complex at 6050 Oakland Hills Dr. is well located but in need of $500,000 in repairs. The condition caused the facility to be 28% vacant at the time of sale.
PHOENIX-In a move some say reflects a renewed tenant interest in the city's Central Business District, Phoenix-based architectural and interior firm Archicon L.C. will relocate its offices into 9,320 sf in mid-town's 4041 Central Plaza.
FORT WORTH, TX-A strategic location and lower operating costs helps seal the deal for electronics giant Motorola, which will move its distribution operation from Illinois to Fort Worth, bringing with it hundreds of jobs.
PHOENIX-After one week on the market, Mayaler Inc. of Aspen, Colo. grabs Tatum Professional Plaza, a strategically located, 93%-occupied medical office building with an all cash bid.
WICHITA FALLS, TX-A five-year, 6% loan of $1.9-million finances the acquisition of the Wichita Falls Shopping Center by a Texas-based investment partnership. The shopping center is 96% occupied.