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• Gulfstream Aerospace Corp Leases 59k sf Hangar Space Adjacent to Phoenix-Mesa Gateway Airport
11/17/22
Georgia-based Gulfstream Aerospace Corp has inked a long-term lease for a 58.7k sf hangar space next to the Phoenix-Mesa Gateway Airport in Mesa, AZ. The facility is located at 6341 South Downwind Circle and is adjacent to th...
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• CentrePoint Properties Spends $11 Mil on Colorado Shopping Center
11/15/22
Willow Run, a 91.6k sf shopping center in Westminster, CO, was acquired by CentrePoint Properties for $10.9 mil ($119/sf). The seller was Willow Run Investors, LLC, an entity operated by Gart Properties, who had purchased the...
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• 200-Unit Arizona Build-to-Rent Community Breaks Ground
11/14/22
Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
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• Phoenix Office Building Traded in $11 Mil Deal
11/11/22
Black Canyon Commerce Center – Building A, a 62.8k sf, multi-tenant office building in Phoenix, was acquired by Washington-based Evergreen Associates LLC for $11.2 mil, or $178/sf. Located at 2101 West Peoria Ave, the single-...
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• Xcel Energy Acquires 10 Acres in Colorado for 40k sf Build-to-Suit
11/10/22
Xcel Energy acquired 10 acres at HighPoint Elevated, a 5 msf industrial park in development in Aurora, CO, from the project’s developers—Hyde Development and Mortenson—for $2.7 mil. Hyde and Mortenson will partner on the cons...
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• Denver Res Community Fetches $378k/Unit
11/09/22
Corsican Apartments, an 82-unit high-rise multifamily community in Denver’s Cheesman Park neighborhood, sold for $31 mil ($378k/unit). Built in 1968, the property is located at 1330 Gaylord St.
Corsican has one- and two-bedr...
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• Retail/Medical Center in Vegas Trades for $298/sf
11/09/22
Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market.
Anc...
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• Colorado Res Property Recapitalized in $32 Mil Deal
11/09/22
River Run Apartments, a 117-unit multifamily community in Avon, CO, was recapitalized in a $32 mil financing deal. The property, strategically positioned on the Eagle River with near equidistant access to the Vail and Beaver ...
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• Westport Properties to Develop New Industrial Facility in Henderson, NV
11/08/22
Westport Properties plans to develop a new, 81.5k sf industrial facility on a recently acquired land parcel in Henderson, NV. The company will begin construction in the first quarter of 2023.
The building, located at the cor...
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• Prologis to Expand Aurora, CO Biz Park by an Additional 1 msf
11/08/22
Prologis Park 70, an existing 5.7 msf industrial park in Aurora, CO, will grow by nearly 1 msf following the acquisition of a 55-acre land parcel by park owner and developer Prologis.
Prologis plans to break ground on the ...
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• Agora Realty and Management Starts Work on 29-Acre Mixed-Use Project in North Las Vegas
11/07/22
Agora Realty and Management has broken ground on a 29-acre mixed-use master-planned commercial district in the heart of downtown North Las Vegas. The redevelopment project, being called North Las Vegas Village, is strategical...
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• Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver
11/04/22
Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
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• Seven-Property Self-Storage Portfolio Traded
11/04/22
A seven-property self-storage portfolio in Arizona and Minnesota traded hands. The primarily Southwest and Midwest portfolio totals 606.2k sf sf of covered RV/Boat parking, and 20.4k sf of uncovered parking, totaling 5,890 un...
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• Colorado Office Sale is an Epic Deal
11/04/22
An affiliate of Boston-based Albany Road Real Estate Partners has acquired Epic One, a premier Class A office building totaling 146.1k sf in Colorado Springs, CO. The five-story multi-tenant asset was approximately 87% leased...
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• AZ Industrial Sales Comp Works Out to $159/sf
11/03/22
In an AZ industrial buy, Pennybacker Capital Management LLC paid $11.5 mil for a fully leased 72.1k sf ($159.50/sf) facility in Tempe. Known as the Tempe Industrial Center the freestanding building is 100% leased and serves a...
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• Berkeley Partners Spends $25.5 Mil on AZ Industrial Portfolio
11/01/22
San Francisco-based Berkeley Partners purchased a 156.1k sf, light industrial portfolio located in Phoenix and Chandler, AZ for $25.5 mil ($163/sf). The portfolio comprises three buildings and was 100% leased to four tenants ...
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• Sustained Demand and Insufficient New Supply Drive Lease Premiums to New Highs in Port Markets
11/01/22
CommercialEdge 3rd Quarter 2022 National Industrial Market Report
Written by:
Eliza Theiss, Yardi Systems
Key Takeaways:
• High demand continues to push prices up in the industrial sector, with September in-place rents nea...
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• Apartment Property in Denver’s Uptown Neighborhood Goes for $8.4 Mil
10/31/22
Uptown Terrace, a 34-unit apartment community in downtown Denver’s Uptown neighborhood, traded hands in an $8.4 mil ($247k/unit) deal. The asset was purchased by Quantum Capital, as part of a 1031 exchange using out-of-state ...
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• Phoenix Office Building Trades for Over $9 Mil
10/31/22
Goodyear Financial Center, a 44.1k sf, multi-tenant office building in Goodyear, AZ, was purchased by a Seattle-based private investment entity for $9.2 mil ($209/sf). Located at 250 N Litchfield Rd in Phoenix’s West Valley ...
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• Westcore Closes $93 Mil Phoenix Industrial Buy
10/28/22
Westcore has acquired Central Logistics, a four-building, 1.09 msf industrial campus in the Central Phoenix area in a recent, $93.5 mil ($86/sf) transaction. The 24.9-acre asset was sold by Phoenix-based ViaWest Group.
Duri...
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