SCOTTSDALE, AZ-The Capital Group Cos. Inc. strides into the Valley with a 106,193-sf, class A lease at the Pinnacle at Kierland III at 14636 N. Scottsdale Rd. The seven-year deal opens the door to a customer service center with as many as 500 jobs for the Valley.
HOUSTON-The pair of industrial leases, totaling 51,300 sf, land in the seven-building Bondeson Business Center. Wallis, TX-based R&M Energy Systems Inc. inks a mid-term lease for 12,478 sf and AmerCable Inc. expands to 38,822 sf at 10633 W. Little York Rd.
CONROE, TX-Craig Realty Group enters the Texas outlet center arena with the acquisition of Conroe Outlet Center, a 14-year-old property that was foreclosed on two years ago. At sale time, occupancy was resting at 78.3%.
GLENDALE, AZ-Local officials will open doors on a $12.8-million field operations center, laid out in six buildings with 70,000 sf on a 50-acre site along West Myrtle Road. The delivery has been one year in the making.
PHOENIX-Exel Logistics signs a three-year lease for 46,502 sf of distribution space at 836 E. University Dr. in the 7th Street Business Park. The lease brings the 71,688-sf building to 100% capacity.
GLENDALE, AZ-The Loftus family trust, buying its second Valley property this year, trades out of a multifamily asset in San Diego to invest in the Pavilions at Arrowhead, a 248-unit, class A-minus development with a 92% occupancy.
CONROE, TX-Craig Realty Group enters the Texas outlet center arena with the acquisition of Conroe Outlet Center, a 14-year-old property that was foreclosed on two years ago. At sale time, occupancy was resting at 78.3%.
PHOENIX-Consolidated Container Co. decides to stay put for another 10 years in a single-tenant distribution facility at 4345 N. 39th Ave. The new deal requires the owner to repair the roof, update office space and upgrade electrical service.
SCOTTSDALE, AZ-After a year in escrow, Trillium Development closes on acreage at the northeast corner of 7th Street and Loop 101. The $8.2-million tract will be built out with a class A, garden-style complex with 400 to 500 units.
HOUSTON-Christopher Dray, former owner of BIO Land Management, lands a vice president's role with Moody Rambin Interests. He joins Greg Nelson and Gary Dahse, hired to steer investment plans for high net-worth individuals and other private investors.