Hohokam Industrial Park, Tempe, Arizona
This former athletic club is on a 6-acre site in a prime business park near Sky Harbor Airport. Acquired in 2003. $800,000 in exterior building improvements and $1 million tenant improvements were completed, and the first major tenant moved in in February, 2004. A lease was signed in August, 2005 with a second major tenant for the remainder of the space, with a $1.325 million tenant improvement project in planning for a 2006 move-in. Located at 1425 W. 14th Street Tempe, AZ, with a total of 43,221 square feet.
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