PHOENIX-The Harvey B. and Francine A. Friedman Family Trust pays $885,000 for Columbia Plaza, a 13,600-sf office building at 1427 N. 3rd St., marking the first CBD acquisition for the investment group.
PHOENIX-CVS Corp. decides to dispose of six Eckerd stores, valued at $3 million each, are less than one year old. The package represents about 14,000 sf of retail space on 1.9 acre sites.
HOUSTON-James Gunn takes on the role of president of property services for PM Realty Group. He will be responsible for overseeing the property management, leasing and construction management services to a 140-million-sf portfolio.
CHANDLER, AZ-A private investor from Los Angeles finds the perfect investment opportunity in a 14,400-sf building at 6142 W. Detroit St. The seller is an owner-user who's now negotiating to occupy part of the industrial space.
STAFFORD, TX-The first-time Texas buyer grabs the 60,500-sf, class A flex building on the first day it hits the market. The sale of the 88%-leased Stafford Business Center closes the book on National Realty Group's southwest submarket holdings.
PHOENIX-Johnstone Supply leases 14,263 sf at 2215 W. Lone Cactus Dr. in the Aztec Commerceplex. The HVAC supply company plans to establish a third location in the Valley to better serve its customers in Northwest Phoenix.
SCOTTSDALE, AZ-Two leases totaling 14,780 sf bring Office Max Plaza to 100% occupancy. The 10-year-old center located at 3388 N. Hayden Rd. welcomes Big 5 Sporting Goods into an empty anchor space and Penzeys Spices into an inline space.
HOUSTON-A local stone supplier purchases a 26,075-sf office and warehouse building at 5610 Baird Ct. in the Tanner Freeport Business Park. The move will represent a 60% expansion for the growing company.
HOUSTON-In one of the most high-profile deals this year, Northwestern Mutual Financial Network pens a 10-year lease for class A office space in One Riverway, gaining 12,000 sf of extra room in a relocation from 5718 Westheimer Rd.