Offices near ASU, a 26,750-square-foot facility at the University Tech Center, sold for $3,798,500 in an off-market transaction, and will be used as a tech firm’s headquarters, according to Lee & Associates.

iT1 Source chose the offices, at 1860 W. University Dr., near ASU to source a talented workforce from the state university.

iT1 was formed in 2003 with the goal of becoming the leading value-added reseller in the technology industry by providing best-in-class solutions.

The office center was built in 1987 and is located just west of Arizona State University. The location is in a high employment concentration area and is desirable for its easy access to the SR 143 (Hohokam Exp.), I-10, Loop 202 with proximity to Phoenix Sky Harbor International Airport.

An LLC controlled by iT1 source bought the building from University Tech Center LLC. Lee & Associates Principals, Bill Blake and Colton Trauter facilitated the transaction for the buyer, 1860 W. University Drive LLC.

Financing was arranged by Tom Altieri of MidFirst Bank.