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West USA Realty has acquired the historic Heard Building in downtown Phoenix at the auction price of $5.5 million. The building is well known as the one with the Mexican grizzly bear mural. The 77,000-square-foot structure was built in 1919 in the heart of downtown at 112 N. Central Ave.

The Phoenix Business Journal reports coworking operative Expansive was the most recent owner. The company acquired the property in 2019 for $11.4 million. The unpaid principal balance on its loan was nearly $10.9 million. SMS Financial VW LLC, filed a notice of trustee sale for the property earlier this year.