PHOENIX-The Latch School pays cash for a 24,226-sf health club, mothballed two years ago by DMB Associates. The design is a perfect match for the school, which delivers services for mentally and physically challenged children.
ORO VALLEY, AZ-Regency Centers sells the 34,770-sf Safeway Vistoso Plaza in Oro Valley to Stephan and Fivia Boros of Greshma, OR. A few days earlier, the couple paid $3.3 million for a Regency center in Avondale.
PHOENIX-The Barclay Group acquires the five-year office building, a 14,256-sf design with shades that automatically roll down on sunny days and bathrooms with showers. With the deed in hand, the firm is ramping up the move for its 40 employees.
SCOTTSDALE, AZ-The bank adds 21,000 sf in a 10-year lease, earmarking the extra space for a community room for use by local non-profit groups and a bank operations area. The bank also pushed a seven-year lease to 10 in the long-term play.
PHOENIX-Arthrocare Arthritis Care & Research goes from sublease to direct lease after making a decision to expand at 3330 N. 2nd St. in the central corridor. The 5,417-sf lease carries a value of $588,760 over its term.
CHANDLER, AZ-Michael A. Pollack is sitting in front of the drawing board for a redevelopment project of a 61,000-sf strip mall at 1004 N. Arizona Ave. Pollack paid $3.6 million to Orsett Southwest for the 1960s product.
PHOENIX-Matria Healthcare pens a five-year lease for 5,729 sf, including the expansion space, to renew its commitment to Biltmore Lakes, a six-building complex in the heart of the Camelback Corridor. The firm's been a tenant for five years.
PHOENIX-A Las Vegas buyer takes over 1601 E. Broadway Rd., getting an asset with a renegotiated lease that keeps the property fully leased for 10 years. Flamingo-Jones uses a 1031 Exchange to buy the holding from Hohokam Resources of Scottsdale.
GLENDALE, AZ-A Summit Builders' crew is digging into the first phase to a six-building, 11-acre project adjacent to Arrowhead Hospital. The first delivery, slated for June, will be a 53,441-sf, two-story, class A office building.
PHOENIX-National Imaging Associates immediately takes the keys in a five-year lease with a value of more than $3.2 million. The firm has put is inbound customer service center in the space vacated by another call center operator.