GLENDALE, AZ-It is the drug store chain's third location in the Valley, a development hotspot for the pharmaceuticals industry. The 14,000-sf Eckerd's will anchor the 55,000-sf Arrowhead Ranch Plaza, now under construction.
PHOENIX-Leslie Elsner gets the title and the task of overseeing six properties totaling 816,000 sf in Dallas-based Lincoln Property Co.'s western region. She has 17 years' experience.
MESA, AZ-Armstrong Gustine Development of Pittsburgh gets 6.9 acres at the junction of Brown and Reeker roads, where the plan is to build a 13,000-sf CVS Pharmacy and convert a shuttered Smith's Food & Drug Center into a fitness center.
SCOTTSDALE, AZ-The trio of Phoenix buyers gets a 14,538-sf office building with three long-term tenants. Several investors were trying to reel in the deal when the holding came to market, but the buyers' CBRE broker got in the door first.
PHOENIX-The Spokane, WA-based investment firm takes over a 103,000-sf corporate headquarters facility in the prestigious Southbank Business Park. Seller Citizens Bank in Detroit collects the check from the foreclosed property of Motion Systems.
AVONDALE, AZ-An Oregon couple acquires the center, not yet a year old, from a California-based limited liability company. Located at the junction of 107th Avenue and Indian School Road, the center has tenants such as WaMu, Starbucks and Great Clips.
PHOENIX-Six metro complexes sell to a Phoenix couple after two years of word-of-mouth marketing and a failed contract by a non-profit group. The buyer, a multifamily regional owner, secures a conventional 80% loan to close the deal.
PHOENIX-Elias J. Winzeler of Condominiums LLC in Phoenix puts a contract on the 90%-leased Rancho Mirada at 3845 E. Greenway Rd. within hours of it going on the market. With the deal closed, the plan now is to put $100,000 into upgrades.
PHOENIX-ASU West is undertaking its first on-campus dorm with the project, slated to deliver in August. The development, owned by Collegiate Development Services, calls for 107,000 sf of living space and a 4,000-sf clubhouse.
PHOENIX-Alliance Bank of Arizona signs a 10-year lease for 9,000 sf while Layton Southwest lines up 8,000 sf in a five-year commitment for an Arizona headquarters site. The double signing is valued at $3.4 million.