MESA, AZ-Sunrise International LLC puts up $2.6 million for acreage near the northwest corner of Ray and Ellsworth roads. The tract is the first piece to sell in a long-range plan to put a mixed-use project on the land.
PHOENIX-Douglas Allred Co. advances a plan to expand the Allred Cotton Center Development, buying another 8.9 acres for $3.4 million. With 43 acres ready to go, Allred is planning a $60-million expansion with flex industrial space.
HOUSTON-The International Facility Management Association adds six new members to the committee. Joseph M. Dawson assumes the chairman's chair while Teena Shouse and Gary Broersma hold the first and second chairs, respectively.
HOUSTON-A local investment company buys 3724 Dacoma Dr. in the Brookhollow Business Park, bringing along DocuData Solutions Inc. as a seven-year tenant for 11,000 sf of the flex office space.
TEMPE, AZ-After owning Elliot Corporate Center for three years, Crown West Realty flips the 223,000-sf, class A building to Argus Realty Advisors for $32.9 million. The six-year-old flex office building is 100% leased to credit tenants like Honeywell.
SCOTTSDALE, AZ-Abart Properties beats out six other buyers to purchase a 14,589-sf multi-tenant office building for $2.6 million. The one-year-old building is located at 16074 N. 78th St. in the Scottsdale Airpark.
PHOENIX-Hearn Co. kicks in more than $51 million for the 10-story, class A trophy, located within the Camelback Esplanade in the heart of the Valley's financial district. The sale is one of the top office deals this year in the Valley.
HOUSTON-A private investor, armed with a value-add, plan buys the 157,397-sf Clay Hills Plaza in the Bear Creek area from a Dallas-based investment group. Comparable retail properties are bringing $30 per sf to $45 per sf.
HOUSTON-Creekstone Partners enters Northern Florida and North Carolina with the acquisitions of three multifamily complexes from separate sellers. The locally based investor is on track to take down $400 million to $500 million of assets by year's end.