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 that have occurred one month out from publication based on research compiled by DTZ and Colliers International with CoStar.
1. Fountainhead Corporate Center, Tempe
470,172 SF; $71.5M
Buyer: Cypress Office Properties
Seller: Principal Financial Group
Listing BrokerS: Adam Edwards and Justin Long,
Eastdil Secured, LLC
2. Desert Ridge Corporate Center, Phase I and II, Phoenix
275,208 SF; $53,820,033
Buyer: Regent Properties, Inc.
Seller: PKY Fund Phoenix I, LLC
Listing BrokerS: CBRE
3. Kierland II, Tempe
237,875 SF; $49.15M
Buyer: LBA Realty
Seller: The Prudential Security Company
Listing BrokerS: CBRE
4. Fountainhead Corporate Park, Tempe
183,262 SF; $35M
Buyer: Allegis Group, Inc.
Seller: Cypress Office Properties
Listing BrokerS: DTZ
5. 4141 N. Scottsdale Rd., Scottsdale
147,356 SF; $34.5M
Buyer: Palisades Private Capital Fund I
Seller: Westport Capital Partners, LLC
Listing BrokerS: JLL
