| Pathfinder Partners Buys 60-Unit Res Property in Phoenix
Park Paloma – a 60-unit apartment community just south of the Lower Arcadia neighborhood in Phoenix, was acquired for $8.4 mil ($140k/unit) by San Diego-based Pathfinder Partners. Constructed in 1973, the property is located ...
| AZ Tesla Facility Sells for $340/sf
A 41k sf facility in Scottsdale, AZ occupied by Palo Alto-based Tesla traded hands in a $13.95 mil ($340/sf) transaction. The property, located at 8300 East Raintree, is a free-standing service and delivery facility located i...
| Pinnacle Healthcare Spends Over $8 Mil in Purchase of AZ Creative Office Building
Oregon-based Pinnacle Healthcare acquired a 26.8k sf, creative office building in Tempe, AZ in an $8.4 mil sale/leaseback ($314/sf) deal. The property is located at 1860 West University, east of Hwy 143.
The building was sol...
| AZ Retail Center Gets New Owner in $18.5 Mil Deal
The Groves, a 169.6k sf, Walmart shadow-anchored shopping center in Tempe, AZ, traded for $18.5 mil, or $109/sf.
The Groves is located at 1180 W. Elliot Rd, at the northeast corner of Priest Dr and Elliot Rd. The property i...
| San Antonio Office Complex Acquired by Exchange Investor
A private investor from Texas purchased Parkway Plaza, a five-building, 189.4k sf office property in San Antonio. The property consists of all single-story buildings on 13.7 acres located adjacent to the San Antonio airport i...
| BH Properties Purchases 60k sf TX Office Building
BH Properties has acquired a vacant four-story, 60k sf office building in Richardson, TX, its second investment in the Dallas/Fort Worth submarket in the past 24 months. The purchase price was not given out.
Built in 1991, 2...
| Two Phoenix Industrial Properties Acquired for $25 Mil
Phoenix-based Harrison Properties closed out 2019 with the purchase of two North Phoenix industrial parks located in the I-17 Corridor for a total of $25 mil. The two multi-tenant, industrial business parks, Gateway Corporate...
| Trio of Single-Tenant Properties Sold for Just Under $9 Mil
Three single-tenant NNN properties in Arizona have sold for a total of $8.878 mil this past week. The three properties, Wilhelm Automotive, Big O Tires and ARCO, total 14.8k sf and were 100% occupied at the time of sale.
| CED Greentech Inks Lease for 67k sf in Phoenix
CED Greentech, a division of Consolidated Electrical Distributors, signed a seven-year, $4.1 mil lease for 67.2k sf of Class A, light industrial space in Phoenix. The property, located at 4535 E. Elwood St, offers ample loadi...
| Regal Acquisitions Buys Las Vegas Retail Center for $59 Mil
Silver City Plaza, a 41.6k sf retail center on the northern end of the Las Vegas Strip, was purchased by Regal Acquisitions for $59.25 mil. The complex, which was sold by California-based PASSCO Companies LLC, was listed for ...
| Curry Supply Company Buys 55k sf Flex Building in Gilbert, AZ
Curry Supply Company, out of Martinsburg, PA, has acquired a 55.4k sf flex industrial/office building in Gilbert, AZ. Curry Supply acquired the property from Silent-Aire of Edmonton, Alberta, Canada.
Situated on 3.16 acres ...
| Kennedy Wilson’s Fund VI Spends $171 Mil on Two Year-End Acquisitions
Kennedy Wilson Fund VI (“Fund VI”), a commingled fund managed by Kennedy Wilson, has closed on two major acquisitions in deals totaling $171 mil. The purchases are for assets in Colorado and Washington.
In the larger buy, Fu...
| Tower 16 Capital Partners and HG Capital Pay $65k/Unit for Phoenix Res Property
San Diego-based Tower 16 Capital Partners, in partnership with HG Capital, has acquired Lilly Garden Apartments, a 180-unit multifamily project in Phoenix. The property was acquired on an off-market basis from a private selle...
| Susquehanna Holdings Ltd Spends $90 Mil on AZ Class A Office Asset
Susquehanna Holdings Ltd paid $90 mil for Grand 1, a 219.2k sf ($410/sf), Class A office building within Papago Park Center in Tempe, AZ. The four-story building, which includes an adjacent four-story garage, was sold by Linc...
| Phoenix Office Building Purchased for $150/sf
A 35.3k sf, office property in central Phoenix’ Midtown market has sold for $5.3 mil ($150/sf). The property is located at 702 E. Osborn Rd, on the northeast corner of Osborn and 7th St.
Constructed in 1984, the two-story bu...
| CBRE Global Investors Fund Buys 383k sf Industrial Asset in Phoenix
A fund sponsored by CBRE Global Investors has acquired a 393.5k sf industrial, cross-dock facility in Phoenix. Located at 3333 South 7th St, the property is in the Airport submarket, which has a tight 8.3% availability rate a...
| Newly Constructed AZ Res Community Trades for $96 Mil
Alta Drinkwater, a 277-unitmultifamily community in downtown Scottsdale, was acquired by Starwood Real Estate Income Trust Inc ("SREIT"), a nontraded REIT managed by Starwood Capital Group, for $96.15 mil ($347k/unit). The pr...
| Kennedy Wilson Boosts Multifamily Portfolio by over 1,000 Units
Kennedy Wilson acquired five multifamily properties totaling 1008 units in an off-market transaction with a total price of $342 mil ($339k/unit). The assets were acquired by various investment vehicles managed by Kennedy Wils...
| Phoenix Res Community Trades for $31 Mil
Revival Biltmore, a 258-unit apartment community in Phoenix, sold for $31.25 mil, or $121k/unit, in an all-cash transaction.
Units at Revival Biltmore include efficiency, studio, one-bedroom and two-bedroom plans. The apartm...
| Sprouts Farmers Market-Anchored Center in Scottsdale, AZ Trades
The Shops at Gainey Village, a 138.5k sf, Sprouts Farmers Market-anchored urban village in Scottsdale, AZ, was acquired by an entity formed by Global Retail Investors. It was sold by Gainey Village Retail Center LLC (an entit...