Here are the biggest commercial real estate deals in Arizona from June 14, 2024, through Aug. 12, 2024, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.
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Biggest commercial real estate deals in multifamily
1. Ave Paradise Valley Apartments
Price: $183,000,000
Location: 12400 N. Tatum Blvd., Phoenix
Size: 400-unit apartment complex
Buyer: RXR Realty
Seller: Street Lights Residential
2. Tides on Country Club
Price: $118,500,000
Location: 901 S. Country Club Dr., Mesa
Size: 582-unit apartment complex
Buyer: Geringer Capital
Seller: Tides Equities
3. Ocio Plaza Del Rio
Price: $90,200,000
Location: 13310 N. Plaza Del Rio Blvd., Peoria
Size: 333-unit, 3-story apartment complex
Buyer: Olympus Property
Seller: Blackstone
4. Alta North Central Apartments
Price: $79,000,000
Location: 777 E. Stella Lane, Phoenix
Size: 229-unit apartment complex
Buyer: ReNUE Properties
Seller: TA Realty
5. Glen 91 Apartments
Price: $76,500,000
Location: 8991 W. Glendale Ave., Glendale
Size: 296 units
Buyer: Bridge Investment Group
Seller: HCW Development
Industrial
1. The Cubes at Glendale Building B (Amazon lease)
Price: $128,100,000
Location: 15301 W. Northern Ave., Glendale
Size: 1,200,140 square feet
Buyer: New York State Common Retirement Fund
Seller: Clayco/CRG
2. Midway Commerce Center
Price: $57,000,000
Location: 1905, 1975 and 1835 S. Hamilton St., Chandler
Size: 301,994 square feet
Buyer: Longpoint Realty Partners
Seller: Creation
3. Falcon Park 303 – Phase II
Price: $50,000,000
Location: 15152 W. Camelback Rd., Litchfield Park
Size: 326,018 square feet
Buyer: Exeter Property Group
Seller: The Carlyle Group
Broker: Cushman & Wakefield
4. University Logistics Center
Price: $27,500,000
Location: 1345 S. 52nd St., Tempe
Size: 112,300 square feet
Buyer: Setna iO
Seller: LBA Realty
Broker: Cushman & Wakefield
5. Sun Distribution Center
Price: $21,900,000
Location: 5120 W. Buckeye Rd., Phoenix
Size: 127,000 square feet
Buyer: Cohen Asset Management
Seller: Cohen Asset Management
Office and medical
1. Dignity Health Arizona General Hospital – Mesa
Price: $115,550,730
Location: 9130 E. Elliot Rd., Mesa
Size: 94,701 square feet
Buyer: Dignity Health/CommonSpirit Health
Seller: Medical Properties Trust
2. CVS Health
Price: $71,500,000
Location: 9501 E. Shea Blvd., Scottsdale
Size: 380,106 square feet
Buyer: Samuel & Co.
Seller: Net Lease Office Properties
Brokers: IPA, Marcus & Millichap
3. Physicians Medical Plaza of Scottsdale
Price: $36,000,000
Location: 3815 E. Bell Rd., Phoenix
Size: 127,252 square feet
Buyer: Värde Partners
Seller: Healthpeak Properties
4. Dignity Health – Arizona General Hospital Laveen
Price: $30,250,000
Location: 7171 S. 51st Ave., Laveen
Size: 39,000 square feet
Buyer: Healthcare Property Advisors
Seller: ElmTree Funds
5. Physicians Medical Plaza of Westgate
Price: $21,800,000
Location: 7330 N. 99th Ave., Glendale
Size: 65,476 square feet
Buyer: Värde Partners
Seller: Healthpeak Properties
Retail and hospitality
1. Arrowhead Crossing
Price: $91,000,000
Location: 7739 N. 77th Ave., Peoria
Size: 353,301 square feet
Buyer: Pine Tree Retail Real Estate
Seller: DDR Corp.
2. Home2 Suites by Hilton North Scottsdale near Mayo Clinic
Price: $35,500,000
Location: 20001 N. Scottsdale Rd., Scottsdale
Size: 130-key hotel
Buyers: Gurbir Singh Sandhu and Sukhbir Singh Sandhu
Sellers: Rockpoint and Highgate
3. Queen Creek Crossing
Price: $31,750,000
Location: 20004-20062 S. Ellsworth Rd., Queen Creek
Size: 85,942 square feet
Buyer: Alexander T. Zirpolo
Seller: Vestar Property Management
4. AutoNation Honda Chandler
Price: $31,439,886
Location: 1150 S. Gilbert Rd., Chandler
Size: 73,188 square feet
Buyer: Legacy Auto Capital
Seller: Paul T. Sparrow
5. Chandler Village Center
Price: $31,000,000
Location: 3445 W. Frye Rd., Chandler
Size: 127,060 square feet
Buyer: West Valley Properties
Seller: RED Development
Biggest commercial real estate deals in land
1. Hermosa Ranch – Lot 1
Price: $246,886,895
Location: Southwest corner of Avondale Boulevard and Lower Buckeye Road, Avondale
Size: 206.08 acres
Buyers: Blackstone and QTS Data Center
Sellers: Terry Klinger and Grand View Dairy
2. White Tank Foothills (235 lots and 37 tracts)
Price: $21,762,908
Location: Northwest corner of North Citrus Road and Northern Avenue, Waddell
Size: 62.32 acres
Buyer: Richmond American Homes
Seller: Allard Developments
3. El Cidro Phase 2 – Parcel 1C (160 lots and 12 tracts)
Price: $20,400,000
Location: Southwest corner of Cotton Lane and Elwood Street, Goodyear
Size: 36.57 acres
Buyer: Terra Firma Capital Corporation
Seller: Landsea Homes
Broker: Nathan & Associates
4. Bella Sol at Troon North (21 lots)
Price: $19,000,000
Location: Southwest corner of Alma School Parkway and Dynamite Boulevard, Scottsdale
Size: 9.5 acres
Buyer: Sonora West Development
Seller: Sonora West Development
5. Copper Falls III (proposed)
Price: $16,710,225
Location: Southwest corner of Miller Road and Broadway Road, Buckeye
Size: 72.38 acres
Buyer: Equity Land Group
Seller: Arizona Land Consulting
