Phoenix Theatre buys second apartment building to house traveling talent

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Phoenix Theatre buys second apartment building to house traveling talent
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The 25,000-square-foot building near 7th Street and McDowell Road is just a few blocks from The Phoenix Theatre Co.

The 25,000-square-foot building at 1422 N. 5th St. is just a few blocks from The Phoenix Theatre Co. at the northeast corner of Central Avenue and McDowell Road in central Phoenix.

Purchased from a Scottsdale entity tracing to Hanson Capital Group, the nonprofit kicked off the deal with a $2.1 million down payment, according to Tempe-based Vizzda LLC real estate database. The remainder was financed through Enterprise Bank & Trust.Read more of this story from the Business Journal.

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