PHOENIX-The 15,430-sf lease secures a longtime address for three of the communications firm's eight radio stations in the Phoenix market. The three-year lease for 645 E. Missouri Ave. is valued in excess of $1 million.
SCOTTSDALE, AZ-The 50,000-sf clubhouse will boast 200-year-old roof tiles from a French castle and reclaimed French limestone. The October 2004 completion will bring the opening of amenities such as a world-class destination spa.
SCOTTSDALE, AZ-Accountant Brent Stewart exits an 18-year address for a five-year lease with a $173,000 bottom line on 1,695 sf. CMD Realty is pushing the envelope to cut deals to fill a building with a 36% vacancy.
PHOENIX-Leslie's Swimming Pools signs a pact, valued at $290,000 to get an extra 9,750 sf of storage space. The firm stopped chasing space after an "attractive" sublease location surfaced at 5415 S. 39th St.
PHOENIX-The 21-story office tower edges to 81% occupancy with the new deals. KPFF Consulting Engineers re-upped for five years on its 10th floor office, 9,763 sf. Inbound June 1 to 2,230 sf is the Katz & Bloom law firm.
SCOTTSDALE, AZ-Phil Marvin of Eugene, OR gets title to four properties in Scottsdale's historic district after identifying the buildings and waiting until the owner was willing to sell. It's the investor's third metro Phoenix buy in about a year.
PHOENIX-A 1031 Exchange delivers a sale for a 23,213-sf office building that's 94% leased in short- to medium-term pacts, one of the reasons that it came to market. The buyer, a Reno owner, took the opportunity to get into a metro Phoenix property.
SCOTTSDALE, AZ-Corleone's Philly Steak stamps a 64-month lease for a 1,877-sf pad site in the 130,000-sf Northsight Village II at Butherus Drive and Northsight Boulevard. The new restaurant will open in six months.
PHOENIX-Vocational Diagnostics clears a 64-month lease with a term value of $294,758 for the move into a newer location at National Bank Plaza. The deal was sealed because the tenant was looking to upgrade, says one of the brokers.
SCOTTSDALE, AZ-The 30-acre Ironwood Square development is coming out as the largest single-office condo project to rise in the Valley. A month into construction, the $12-million, 16-building first phase is more than half sold.