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• EastGroup Properties Inc Picks Up 519k sf AZ Industrial Park in $83 Mil Deal
1/13/25
In a notable AZ industrial trade, EastGroup Properties Inc paid $83 mil for Akimel Gateway, a 519.1k sf ($160/sf) industrial park in Chandler. The asset was sold by Trammell Crow Company (TCC) and CBRE IM.
Situated at 17500 ...
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• Arizona Industrial Portfolio Trades in Record-Setting $168 Mil Deal
1/10/25
Irvine-based CIP Real Estate acquired Broadway 101 Commerce Park, an 809.2k sf, Class A industrial park in Mesa, AZ for $168.3 mil ($208/sf). The multi-tenant park consists of 11 buildings on 53 acres.
We’re told the sale se...
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• Montecito Medical Real Estate Spends $30 Mil on AZ Medical Office Property
1/10/25
Montecito Medical Real Estate purchased Chandler Medical Pavilion, a fully leased outpatient medical building totaling 65.9k sf of space in Chandler, AZ. The property traded for $30 mil, or about $455/sf.
Chandler Medical Pa...
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• Tower 16 Capital Partners Buys 167-Unit Build-to-Rent Community in Phoenix
1/09/25
San Diego-based Tower 16 Capital Partners has acquired Yardly McDowell, a 167-unit, Build-to-Rent (“BTR”) multifamily property located in Phoenix’s West Valley, for $46.5 mil ($278.4k/unit). The purchase marks the firm’s nint...
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• Vegas Industrial Asset Picked Up in $12.5 Mil Deal
1/07/25
A private investor paid $12.5 mil for Edmond Russell Triangle, a 50.1k sf ($250/sf) industrial building in Las Vegas. The property, located at 5780 Edmond St, is fully occupied by Loomis U.S.
Chris Lexis, James Griffis and J...
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• Single-Tenant Salt Lake City Warehouse Trades
1/07/25
A freestanding 40.7k sf industrial warehouse with 2.25 acres of yard in Salt Lake City traded hands in an end of year deal. The price was not immediately disclosed.
Built in 2016 and located at 3255 West 500 South, the singl...
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• LaSalle Investment Management Buys 536k sf AZ Industrial Property
1/07/25
LaSalle Investment Management acquired Tempe Commerce Park, a five-building industrial complex totaling 536.1k sf of spaced in Tempe, AZ. Although the price was not given out, we hear that the property traded for about $112 m...
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• Industrial Asset in North Las Vegas Sells for $232/sf
1/07/25
A California investor purchased Cartier Industrial Center, a 74.7k sf industrial building in North Las Vegas, for $17.34 mil ($232/sf) in an off-market trade. The single-tenant building, located at 2635 Lamb Blvd, is fully oc...
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• Investor Obtains $39 Mil in Loans on Two Phoenix-Area Industrial Properties
1/06/25
A Bay Area-based investor secured $39.5 mil in permanent loans on two Metro Phoenix industrial assets, Parc Germann Industrial Park and Ray Industrial Park.
The Parc Germann property encompasses 225k sf in two recently acq...
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• George Oliver and Ascentris Spend Over $42 Mil on Office Property in Old Town Scottsdale
12/31/24
A 165.2k sf office building in Old Town Scottsdale, AZ has traded hands in a $42.25 mil transaction. The property, located at 7272 E. Indian School Rd, was acquired by a venture between George Oliver and Ascentris.
The purc...
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• Retail Building in Gilbert, AZ Fetches $550/sf
12/30/24
A 4.1k sf, freestanding retail building in Gilbert, AZ sold for $2.26 mil, or roughly $550/sf. The building is located 4828 S. Val Vista Dr, on the southwest corner of Queen Creek and Val Vista Roads.
Rommie Mojahed and Lind...
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• Renovated Phoenix Office Building Trades for $176/sf
12/30/24
A four-story, multi-tenant office building totaling 102.3k sf in Phoenix traded hands for $18 mil ($176/sf). The property, 501 Gateway, also features a four-story parking garage on site.
Located at 501 N 44th St, a major ar...
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• Precision Science Leases 130k sf Space in Phoenix
12/27/24
Precision Science Inc signed a lease for 130k sf of space at Mack Innovation Park in Phoenix. The deal is for part of a 201k sf industrial building at 1775 West Alameda Rd, within Mack’s multi-phased innovation development in...
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• Industrial Outdoor Ventures Spends $5.68 Mil on Denver Building
12/23/24
A 31.1k sf industrial building on 4.94 acres in Denver was purchased by Industrial Outdoor Ventures (IOV) in a $5.68 mil ($183/sf) deal.
Located at 3750 Nome St, the IOS property features 24k sf of clear span warehouse space...
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• Rockefeller Group Starts Work on 418k sf AZ Distribution Center
12/20/24
Rockefeller Group has completed construction of a 418.4k sf distribution center on 24 acres in Surprise, AZ, part of the Southwest Valley industrial submarket. Surprise Pointe Commerce Center can accommodate one to four tena...
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• Recently Completed AZ Res Community Gets New Owner
12/19/24
Smith & Rio, a 310-unit luxury multifamily community located in Tempe, AZ, traded hands. The project, located at 1979 E. Rio Salado Pkwy, was built and sold by a partnership between PGIM Real Estate and High Street Residentia...
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• STAG Industrial Buys New 173k sf Industrial Facility in Salt Lake City
12/19/24
STAG Industrial Inc has acquired 5 South Commerce Center, a newly built, 172.8k sf Class A warehouse in Salt Lake City. The price was not disclosed. AZ-based ViaWest Group was the seller.
The warehouse development is situate...
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• Denver Manufactured Home Community Trades for $62 Mil
12/18/24
Denver Cascade, a 382-space manufactured home community in Denver, sold for $62 mil ($162.3k/space), making it the highest-price manufactured housing community (MHC) sale in Colorado’s history and the largest non-coastal MHC ...
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• SENTRE Spends $49 Mil on AZ Industrial Asset
12/18/24
A 322k sf, freestanding industrial asset in Tolleson, AZ was acquired for $48.83 mil ($152/sf) by San Diego-based SENTRE. Located at 7980-7990 West Buckeye Road, the single-tenant facility is fully leased on a long-term basis...
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• Industrial Building in Phoenix’s Sky Harbor Airport Submarket Sells for $234/sf
12/17/24
A 33.3k sf, freestanding industrial building in Phoenix’s highly desired Sky Harbor Airport submarket traded for $7.8 mil ($234/sf). The single-tenant asset, located at 4750 South 32nd St, is currently 100% leased to BMWC Con...
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