Lee & Associates Arizona

A 35,077 SF manufacturing building at 15550 N. 78th St., Scottsdale, sold recently for $3,910,000 or $111.47 per SF.

Two separate commercial land transactions totalling 19 acres, one in Scottsdale and one in Glendale, sold for a combined $6,294,390. Lee & Associates Principals Robert Kling and Dave Johnson negotiated both sides of each deal.

A 140,651 SF former Ashley Furniture distribution building at 2929 NW Grand Ave., Phoenix, has recently sold to RacePRO Products for $3,950,000. Price per SF was calculated at $28.08.

Four Tempe industrial warehouse buildings totalling 62,287 SF recently sold in two separate transactions for a combined $4,075,000 or $65.42 per SF.

Washington Federal signed a 10-year, 9,793 SF lease at Scottsdale Spectrum, 6720 N. Scottsdale Rd., Scottsdale. Lease commencement is scheduled for Q3 2017.

Circle K Stores renewed and expanded its presence at Warner Crossing at their currently occupied space at 1130 W. Warner Rd., Tempe, while expanding into 1120 W. Warner Rd. for a total of 104,321 SF (75,489 SF at 1130 W. Warner and 28,832 SF at 1120 W.

Lee & Associates in Phoenix is pleased to announce the addition of Steven Gonzalez, Marcus Muirhead and Greg Guglielmino as Investment Principals joining Lee's existing Investment Group.

A 94,885 SF industrial distribution property at 2021 E. Jones Ave., Phoenix, sold for $7,068,932 or $74.50 per SF to a national moving and storage company.

CMOC International has recently signed a 7-plus year, 16,299 SF office lease at 2600 Tower, 2600 N. Central Ave., Phoenix.

A 4.5 acre land parcel at the SWC of Scottsdale Rd. & Chauncey Ln., Scottsdale, sold for $7,128,728 or $36.33 per SF.