The Better Business Bureau (BBB) has purchased
two office buildings with a combined SF total of 25,918 SF at 1002-1010
E. Missouri Ave., Phoenix for $4,300,000. Price per SF was posted at
$165.91 SF. The transaction closed on 10/22.
Bill Blake and Colton Trauter, principals with Lee & Associates,
negotiated on behalf of the seller, McMurry Properties, Inc. of Phoenix.
Kevin Lange with Keyser represented the BBB. They are expected to
take occupancy within the next few months.
The two buildings previously housed McMurry/TMG, an online
marketing, advertising and print publishing company. The 1002 building
is 13,700 SF and was built in 1982. The 1010 building is 12,218 SF
and was built in 1981. Both of these buildings faced each other in a
secluded, heavily landscaped garden setting that is characteristic of this
sought-after Central Phoenix neighborhood.