Biltmore Commerce Center

Big Deals: Office – Aug. to Sept. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.

In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

 

SALES

Biltmore CC

Biltmore Commerce Center

1. Biltmore Commerce Center

Phoenix

258,348 SF; $42,773,000

Buyer: DPC Development Companies

Seller: The Muller Company

Listing Broker: Chris Toci, Chad Littell, Jerry Jacobs, Larry Downey, Cushman & Wakefield

 

2. North Scottsdale Corporate Center

Phoenix

156,629 SF; $38,600,000

Buyer: Artis REIT Seller: Miller Global Properties, LLC

LISTING BROKER: Chris Toci, Cushman & Wakefield

 

3. Kierland One 

Scottsdale

175,441 SF; $29,300,000

Buyer: Pacific Coast Capital Partners LLC

Seller: Cornerstone Real Estate Advisors, Inc.

Listing Broker: Barry Gabel, Mindy Korth and Chris Marchildon, CBRE

 

4. DeVry University

Phoenix

111,957 SF; $23,030,000

Buyer: Cole Corporate Income Trust, Inc. Seller: LBA Realty

Listing Broker: Jeffrey Cole, Cushman & Wakefield

 

5. Midtown Bank of America Tower

Phoenix

189,868 SF; $14,800,000

Buyer: Omninet Capital Seller: Morrison Street Capital, LLC

Listing Broker: Michael Crystal, Cushman & Wakefield

LEASES

1. Discovery Business Campus, Tempe

Discovery Business Park

Discovery Business Park

2118 E. Elliot Rd.

166,127 SF

Landlord: Wentworth Property Company/Discovery Business Park Tenant: State Farm

Landlord Brokers: Karsten Peterson, Dave Seeger and Mark Detmer, Jones Lang LaSalle Tenant Brokers: John Pierson, Jones Lang LaSalle

2. Discovery Business Campus, Tempe

2104 E. Elliot Rd.

133,044 SF

Landlord: Wentworth Property Company/Discovery Business Park

Tentant: State Farm

Landlord Brokers: Karsten Peterson, Dave Seeger and Mark Detmer, Jones Lang LaSalle Tenant Brokers: John Pierson, Jones Lang LaSalle

 

3. Diablo Technology Center, Tempe

73,000 SF

Landlord: Walton Street Capital/The Muller Company Tenant: Xerox Commercial Solutions Landlord Brokers: Charles Miscio and Danny Plapp, Colliers International Tenant Broker: Pat Williams, Jones Lang LaSalle

 

4. 2455 S. 7th St., Phoenix

38,739 SF

Landlord: Harrison Properties Tenant: Arizona Department of Economic Security Landlord Broker: James Harrison, Jeff Dalton and Natalie Dalton, Harrison Properties

 

5. Pima Northgate, Scottsdale

25,219 SF

Landlord: ASB Capital Management, LLC Tenant: LoanDepot.com Landlord Brokers: Tim Whittemore, Michael White and Chris Nord, Cushman & Wakefield Tenant Broker: John Gillespie, Newport Commercial Realty Advisors

POSTED: . TAGS: ,
Amanda Ventura

About Amanda Ventura

Amanda Ventura is an editor, award-winning writer and pop culture enthusiast. When she's not up against deadlines, she is exploring Arizona, trying recipes that require every dish in her kitchen be used, collecting 5K swag bags and race numbers and volunteering at a local animal shelter. Her bookshelf is full of autobiographies and her desk is covered in Sticky Notes. She dislikes the Oxford comma and still cannot believe she gets to meet and write about interesting people for a living.