PHOENIX-GE Polymershapes, headquartered in Huntersville, NC, inks a five-year lease at 2120 S. 7th Ave. for an office and showroom in Lincoln Commerce Park in the Central Valley. The deal puts about $500,000 in Lincoln Property Co.'s pockets.

HOUSTON-Five-year tenant, Sullins Johnston Rohrbach & Magers, stays put in Phoenix Tower, adding about 10% to the class A office after taking a look at other options in the Greenway Plaza and Galleria submarkets.

PHOENIX-The multiphase redevelopment, including an exterior redesign, begins next year and will continue through late 2006.

HOUSTON-JMA Properties, owner of just a handful of industrial assets around town, scoops up the 87,976-sf Oakhollow Business Center from Midway Cos. The new owner gets a five-year-old building with a 100% occupancy.

HOUSTON-A 10-year old center with a 22% vacancy gains a new owner, Fowler Partners Acquisitions. The Larkspur, CA-based investor receives $11.4 million in financing to acquire Atascocita Town Center.

GLENDALE, AZ-MG Properties of San Diego writes a $9.5-million check for the 175-unit Sun Creek Apartments, a class B complex with a 95% occupancy located across the street from Thunderbird, the Garvin School of International Management.

HOUSTON-A 10-year old center with a 22% vacancy gains a new owner, Fowler Partners Acquisitions. The Larkspur, CA-based investor receives $11.4 million in financing to acquire Atascocita Town Center.

PHOENIX-Younan Properties Inc. places a contract on the 137,000-sf Four Gateway, now owned by Dallas-based Presidio Investments. The deal is scheduled to close in 30 days. Sources say the building's value pushes $20 million.