PHOENIX-Summit Builders Charities wraps up work on the Steve Finley Field, less than a month after the ground-breaking ceremony with the Diamondback player. Two more fields are in the works for low-income neighborhoods in Phoenix.
MESA, AZ-A Tucson investment group spends about $1.8 million for a fully leased complex with five tenants. The assumable mortgage and separate Albertsons anchor are the temptations to buy.
PHOENIX-The national firm doubles its size, taking 4,127 sf in a long-term lease valued at $242,000. The deal adds the space that's needed to keep Brinks as a tenant at 4914 E. McDowell Rd. The park overall is 95% occupied.
PHOENIX-A local limited liability company has bought 40,794 sf at 3935 W. Adams Ave. to team its ladder and scaffolding operations. The selling price is less than the replacement cost if the land's factored into the equation, says one of the brokers.
CHANDLER, AZ-The Fort Worth-based firm says the 150,000-sf Chandler center will be the largest in its network. Bids are now being evaluated, but the project most likely will cost upward of $20 million.
SCOTTSDALE, AZ-Henderson Investors buys the two-year-old property for a Chicago client. The complex, bearing the high-end branding of Trammell Crow Residential, was 92% occupied at sale time.
PHOENIX-Seller Richard Jensen gets about $3.4 million for the Orangetree Apartments in Phoenix and Place of Tempe Apartments. The proceeds go toward the acquisition of a 100-unit complex to satisfy a 1031 Exchange.
PHOENIX-Safe Ride Services reserves an 8,887-sf office at CamelWest Plaza, a location closer to clients and its West Valley service facility. The firm will exit Scottsdale in a long-term lease valued at $632,562.
PHOENIX-New cars, trips to Hawaii and gift certificates are just some of the perks that can be picked up for striking the right deal with the right building owner. A signed contract isn't always a pre-requisite for the perk.
MESA, AZ-A 23,838-sf spot in Red Mountain Plaza at the crossroads of Power and McKellips roads wins a long-term nod from the national retailer. The plan is to unlock the doors within a month.