Better Business Bureau Purchases McMurry Buildings for $4.3 Million

PHOENIX - Nov. 2, 2015 - PRLog -- 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.

For more information:

Bill Blake, Principal
602.954.3761; bblake@leearizona.com

Colton Trauter, Principal
602.474.9503; ctrauter@leearizona.com

About Us:

Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.