PHOENIX-The trio consists of an $18-million acquisition for CVS Pharmacy, $7.3-million motel sale and $6.1-million land sale for a home furnishings retailer. In one case, the broker nurtured the deal for two years.
PEORIA, AZ-National Mall Front & Design has called the movers now that a Montana couple has the deed to a four-building, 16,120-sf Candlewood Industrial Park in Peoria. The seller is en route to a 60,000-sf facility in Deer Valley.
MESA, AZ-Robert Half International signs a five-year lease for 4,629 sf. The office space will house an administrative and sales team for the East Valley. The office building trio is getting an average rent of $20 per sf.
TEMPE, AZ-Interior Solutions will move into its new Tempe location Oct. 1. The firm consolidates two sites with the 40,000-sf lease that comes with the option to buy the building at 307 S. Wilson.
GLENDALE, AZ-The city gets the OK from the Tourism and Sports Authority, but today will bring the official word from council. The Arizona Cardinals' stadium is a surefire catalyst for commercial and industrial growth, if it passes muster.
PHOENIX-Lincoln Property has rolled out the "welcome" sign for a four-building, first phase to its Phoenix inroad. Two tenants are ready to sign, including one who plans to consolidate its area operations into a single address.
PHOENIX-The 103-unit Windtree Village Apartments in Phoenix brings about $2.6 million while the 118-unit Park Village in Mesa attracts close to $3.8 million. Both buyers are planning repositioning upgrades.
PHOENIX-The undertaking will add 186,286 sf of office and industrial space to one of Deer Valley's largest "commerceplexes." Delivery is set for early 2003. The team already is talking about a third phase.
PHOENIX-Dr. Michael Barry has spent close to $1.6 million for two suites in Gilbert and $427,424 for one in Phoenix. The double buy is in the Executive Villas along Muirwood Dr., which will serve as his office.
TUCSON-A local investment firm buys the 77-unit Avalon Terrace as it parlays proceeds from a 1031 Exchange. The deal closes on the property's value-add promise by rehabbing and hiking the rents.