14 deals top $100M to lead biggest Metro Phoenix deals of summer

Above: Park303 is a major industrial master-planned development that at build-out will accommodate up to 4.5 million square feet of ultra-modern, freeway-fronting Class A industrial space in Glendale. Real Estate | 29 Sep |

Historically, when the conversation centers around summer blockbusters, it’s in reference to hit movies. But this season, the stars of the show have been the blockbuster commercial real estate deals that created more heat than the Phoenix summer. According to the commercial real estate tracking website Vizzda, there were at least 14 summer blockbuster deals that surpassed $100 million in Metro Phoenix.

Here are the biggest commercial real estate deals of summer 2021 in Metro Phoenix. These are deals that closed between June 21, 2021, and Sept. 21, 2021.


READ ALSO: Here’s NAIOP members’ commercial real estate outlook for 2022


1. Park 303 Phase I — $186,000,000

Type of property: Industrial

Location: Glendale

Seller: LPC Desert West

Buyer: BentallGreenOak

2. Tradition at Kierland — $159,000,000

Type of property: Multifamily

Location: Scottsdale

Seller: Bascom Group

Buyer: First Pointe Management Group/Ezralow Company

3. Legend at Kierland Apartments — $153,500,000

Type of property: Multifamily

Location: Phoenix

Seller: Bascom Group

Buyer: First Pointe Management Group/Ezralow Company

4. The District at Scottsdale — $150,500,000

Type of property: Multifamily

Location: Scottsdale

Seller: F & B Capital and Bluerock Real Estate

Buyer: Kohlberg Kravis Roberts & Co.

5. Strada Apartments — $136,100,000

Type of property: Multifamily

Location: Tempe

Seller: Blackstone

Buyer: Knightvest Capital and LEM Capital

6. The Scottsdale Grand — $130,000,000

Type of property: Multifamily

Location: Scottsdale

Seller: Kaplan Companies

Buyer: Oxford Properties 

7. The Stewart Apartments — $125,500,000

Type of property: Multifamily

Location: Phoenix

Seller: Aspirant Development

Buyer: New York Life Investment Management

(tie) 8. Former Chrysler Proving Grounds — $125,000,000

Type of property: 5,458 acres of land

Location: Wittmann

Seller: iStar

Buyer: A Delaware-based entity managed by Greenberg Traurig

(tie) 8. ParcLand Crossing — $125,000,000

Type of property: Multifamily

Location: Chandler

Seller: Private Portfolio Group

Buyer: Sunroad Enterprises

10. Arrowhead Summit — $123,600,000

Type of property: Multifamily

Location: Glendale

Seller: Cortland

Buyer: Blackstone

11. Eastmark land — $123,184,182.71

Type of property: 388.95 acres of land

Location: Mesa

Seller: DMB Associates and Brookfield Residential

Buyer: An entity managed by Quarles & Brady

12. Broadstone Grand — $106,500,000

Type of property: Multifamily

Location: Tempe

Seller: Alliance Residential Co. and Appian Capital

Buyer: Decron Properties 

13. Sky Ancala Apartments — $104,500,000

Type of property: Multifamily

Location: Scottsdale

Seller: The Ergas Group

Buyer: Benedict Canyon Equities

14. Lincoln Logistics Center 40 — $103,214,650

Type of property: Industrial

Location: Goodyear

Seller: Nike

Buyer: American Realty Advisors

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