PHOENIX TECH CENTER FETCHES $3.1 MILLION

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PHOENIX — Kachina Investments LLC has purchased Phoenix Tech Center for $3.1 million. Located at 10220 S. 51st St. in Phoenix, the 22,978-square-foot property was 100 percent leased at the time of acquisition. First Industrial Realty Trust sold the property, which was built in 1986. Steve Bodeman of Daum represented the buyer; Bruce Calfee, Josh Wyss, Paul Boyle, Rick Danis and Pat Feeney of Grubb & Ellis|BRE Commercial represented the seller in the transaction.

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