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PHOENIX — Los Angeles-based Maximum Management Corp. has purchased a 20,400-square-foot industrial property, which is located at 3127 W. Virginia Ave. in Phoenix. Phoenix-based 15230 N. 75th Street LLC sold the property for $1.26 million. Paul Boyle and Rick Danis of Grubb & Ellis|BRE Commercial represented the buyer; Todd Hamilton and Rod Crotty of Cutler Commercial represented the seller in the transaction.