CHOCOLATE BAY, TX-The sealed bid sale delivers the deed to BP Amoco, which intends to use the tract as a buffer for its nearby plant instead of a building site. Seller IP Farms is down to 9,715 acres of a 22,215-acre disposition.
TEMPE, AZ-Ahwatukee Printing lands the national tenant for the extra space, which was deliberately incorporated into the design of 720 W. Elliot Rd. for just such an economic play. The auto parts store plans to be open by March.
LAKE HAVASU, AZ-Epic Resorts has brought the 19,000-sf English Village to market, more than a year after it filed for bankruptcy. The half-filled, boardwalk-style retail sits on about 6.4 acres along the shore.
TEMPE, AZ-Cabot Properties pays cash for the 50,000-sf, fully leased property in the Broadway Industrial Park. It's a first purchase in Phoenix under the new moniker for the Boston-based buyer
MESA, AZ-The Beverly Hills, CA investor gets 50,000 sf in two retail centers in separate transactions from a Mesa-based LLC. The Sun Valley Plaza I and II sell for $62 per sf and $69 per sf, respectively.
PHOENIX-Mack Arizona is readying the crew to begin a two-phase industrial project on a tract at the junction of 15th Drive and Rose Garden. Ground will break within two months, with delivery in late summer or early fall.
MESA, AZ-Looking to satisfy a 1031 Exchange, a group of Chandler investors make an unsolicited offer on the small industrial complex and win the deed with the bid. The buyer gets a total of 40,860 sf along East Palm Street.
TEMPE, AZ-Freedom Marketing puts up $678,378 for the 10,224-sf building at 2522 W. Geneva in a deal that closes well below the going market rate, says the buyer's broker. Circuit Research Labs is the seller.
PHOENIX-A Scottsdale investor makes the close 30 days after the 19,045-sf Palo Verde Medical Building goes on the market. The appeal is a stable rent roll, location on the Maryvale Hospital campus and excellent physical condition.
GLENDALE, AZ-Kiesler Enterprises, a cabinet and custom furniture manufacturer, acquires a 38,915-sf building along North 35th Drive. The buyer gains 16,000 sf more operating space and the opportunity to expand the business.