Developer unloads Durango Commerce Center

Desert property comprises nearly 700,000 square feet

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A California-based developer recently sold the Durango Commerce Center in Phoenix, Ariz., for a price of $43.5 million. The property, which was just completed, features two buildings with a total of 695,266 square feet of space. They are located at 2155 and 2255 S. 75th Ave. Sacramento, Calif.-based Panatonni Development Co. sold the property vacant to ING Clarion. ...