Lee & Associates Arizona

A 120,000 SF portion of Premier Storage, a 218,748 SF self-storage condominium development located at 22230 N. Black Canyon Highway, has been sold for $6,000,000, or $50.00 per square foot. The 180 unit, value-add property was lender-owned.

Precision Installation, Inc., a local commercial furniture and equipment installer, has purchased a 45,307 SF warehouse property at 8201 S. 48th St., Phoenix for $2.98 million or $65.66 per SF.

An auto trailer manufacturer has more than doubled the size of its operations by signing a new 64-month, 51,260 SF lease at 6902 W. Hadley St. in Phoenix.

A nutraceuticals manufacturer leased 33,624 SF for 10+ years at Tempe Distribution Center, 1895 S. Los Feliz Dr., Tempe. The new tenant will occupy a portion of the 51,730 SF multi-tenant warehouse building.

Forever Nutraceutical, LLC, a supplement products supplier has paid $1.82 million for a 38,500 SF manufacturing facility at 4250 E. Broadway Rd. in Phoenix, just one block from their current production facility.

Scottsdale Airpark’s largest commercial land parcel on the runway, at 9.54 acres, sells to a local investment company for $8,325,000 or $20.03 per square foot.

California Casualty Insurance Co. has renewed its 27,750 SF office lease for a 6-year term at Talavi Corporate Center, 5651 W. Talavi Blvd. in Glendale.

Greenfield Medical Dental Center, Phase II at 875 N. Greenfield Rd. in Gilbert, recently sold for $3.4 million or $119.34 per square foot. The 28,489 SF, value-add medical building was lender-owned.

The 17/Union Hills Business Center, a two-building, 113,880 SF industrial and showroom project is expected to break ground in May 2014 at 2350-2400 West Union Hills Drive in Phoenix.

South Hill Design Corp., a jewelry design and marketing firm has leased 30,500 SF of flex industrial space on a 5-year term at 7400 E. Tierra Buena Ln., Scottsdale. The landlord, Hewson Development Corp.