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PHOENIX — Costa Mesa, Calif.-based T&C Development Inc. et al has purchased a 40,542-square-foot industrial property, which is located at 3255-3305 E. Osborn Rd. in Phoenix for $2.2 million. Brian Thompson of RT Management Group represented the buyer; Paul Boyle and Rick Danis of Grubb & Ellis|BRE Commercial represented the seller, California-based Phoenix Osborn Ventures LLC, in the transaction.