SCOTTSDALE, AZ-After a year of talking, the Scottsdale Convention and Visitors Bureau signs a seven-year lease for 11,336 sf at the Galleria Corporate Centre. The calendar is marked for a March move.
TEMPE, AZ-BYPG Holdings buys the 203,072-sf, mixed-use complex from Bank One, which took back the asset earlier this month from its developer. The new owner is facing some monumental challenges in turning around the 75% vacant project.
TUCSON-The volume of offers pushes the price for a 2,685-sf Del Taco Restaurant at the junction of Broadway Road and Euclid Street. A 19-year balance on the lease undoubtedly spirited the interest. A contract was in hand in a week.
PHOENIX-The positioning near the downtown and property's high occupancy leverage the sale of the class C complex at 801 W. Turney Rd. Buyer K&N Management of San Diego takes its second Phoenix deed in four months with the closing.
PHOENIX-Sidehill LLC of Willmington, MA uses a 1031 Exchange to buy a 76,950-sf distribution center in the Papago Industrial Park. Big O Tires is the sole occupant in a lease that doesn't come due for another eight years.
SCOTTSDALE, AZ-A Seattle couple parlays a 1031 Exchange into being a building owner for a Starbucks and Baja Fresh restaurant. The seller let go of the retail property at 4032 N. Scottsdale Rd. after owning it for just a year.
PHOENIX-A California couple puts up $2.2 million for the center, strategically positioned at the intersection of Loop 101 and Interstate 17. Location and credit-worthy tenants close the sale to satisfy a 1031 Exchange.
PHOENIX-MEGA Life and Health is taking over 75,011 sf in the 138,000-sf Concorde Corporate Center in a 10-year lease. A company, bought earlier in the year, will be consolidating its offices into the single location and gaining some room in the process.
PHOENIX-The investor gets a long-term tenant and prime piece of property at 3433 W. Earl Dr. on Phoenix's west side to add to his metro portfolio. Seller Starwood Capital gets all-cash for the asset.
PHOENIX-MEGA Life and Health is taking over 75,011 sf in the 138,000-sf Concorde Corporate Center in a 10-year lease. A company, bought earlier in the year, will be consolidating its offices into the single location and gaining some room in the process.