PHOENIX-Banfield Properties of Eugene, OR gets the check for the 17-year-old, 90%-occupied Amber Ridge, a class B property on just south of Camelback Road. The offering delivers a selling price within $950,000 of the ask.
SCOTTSDALE, AZ-Bill Hudson, with 19 years in the business, is named vice president of business development. The well-known Scottsdale professional has served as senior VP for the Arizona Economic Council and VP for the Dallas Partnership.
CHANDLER, AZ-Vestar is on its way to developing a 185,000-sf neighborhood shopping center at a crossroads that triggered city restrictions on big box locations after Wal-Mart and residents ended up in court two years ago.
SCOTTSDALE, AZ-Bardon Insurance buys 8326 E. Hartford Dr., the third to go in the six-building sale of the Sonoran Corporate Center. The new owner will occupy up to 70% and lease the balance.
PHOENIX-Form Flo, armed with a consolidation plan, finds an 18,230-sf spot to lease after selling a building in the neighborhood. The firm inks a 4 1/2-year lease for the industrial property at 3154 N. 34th Dr.
PHOENIX-A distributor for Sensi and Tommy Bahama acquires the Phoenix property from Quality Screw & Nut, which moves to a leased site in Tempe, taking about half the size of its sold location.
MESA, AZ-Arizona's first Wal-Mart Neighborhood Market will open at McKellips and Horne in 2004. Not far behind will be stores at Baseline and Lindsey, University and Higley. and Guadalupe and Hawes.
PHOENIX-Metro Auto Express will relocate into 18,000 sf of a 55,000-sf industrial property at 2522 W. Holly in a lease valued at $375,000. Key to the signing was finding expansion space in the same area.
SUN CITY WEST, AZ-A second phase to the Del Webb Medical Campus is in the design stage as crews wrap up work on the first phase at 14220 W. Meeker in Sun City West. Interiors are now being completed.
PHOENIX-LF Enterprises of Phoenix will use the industrial building as a distribution center at 1820 Knudsen for high-end racing products. The structure has been on the market since it delivered in 2000.