PHOENIX-The owner of Chez Antiques, who operates several leased stores around town, pays $550,000 for a freestanding, 1960s-era building with a prime location along Central Avenue near Camelback Road that drew as many as 15 inquiries per day.
TUCSON-Bucking Bronco LLC takes down the real estate and the Arizona Maintenance Co. too in simultaneous transactions with a local businessman, who had the operations at the North Oracle Road location for four decades.
HOUSTON-Copia LP comes in early in the game to claim Northline Apartments near Northline Mall. The group pays close to the list price for the property, which includes a 2,100-sf freestanding restaurant.
HOUSTON-Hand Benefits & Trust sells its corporate headquarters to a local investor, signing a long-term lease for the third and fourth floors of the 73,000-sf, class B building. Gusma Properties pays close to $3.9 million for the 81%-occupied building.
PHOENIX-Montecito Investment Co. pays $34.7 million to BRE Properties of San Francisco for the Pinnacle at Stonecreek, a class A, five-year-old rental property that's swinging to condos. The buyer secures a $29.3-million loan to make the close.
PHOENIX-Montecito Investment Co. pays $34.7 million to BRE Properties of San Francisco for the Pinnacle at Stonecreek, a class A, five-year-old rental property that's swinging to condos. The buyer secures a $29.3-million loan to make the close.
PASADENA, TX-Fresenius Medical Care leases class A space for its first regional office and takes the anchor spot in an under-construction shopping center in the Houston suburb. The office opens in May; the clinic will be ready in the summer.
TUCSON-InfoNXX Inc. holds firm to 12,000 sf renewal in the Southeast Corporate Center. The lease is valued at $680,333 over the term for the local limited liability company that owns the 59,000-sf building.