The Heritage Tradition in Sun City West which was ranked as the No. 18 best senior living facility in the nation by Seniorly in its annual Best of Senior Living Awards 2025, was the biggest commercial real estate deal in Metro Phoenix in February 2026. Here are the five biggest commercial real estate deals in Metro Phoenix from February of 2026, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.
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1. Heritage Tradition
Sale price: $145,000,000
Address: 19303 N. New Tradition Rd., Sun City West
Property description: 306-unit assisted living facility
Buyer: Blackstone
Seller: Senior Resource Group (SRG)
2. The Residences at Stadium Village
Sale price: $87,710,000
Address: 16845 N. Stadium Way, Surprise
Property description: 382-unit, three-story apartment complex
Buyer: AEW Capital Management
Seller: Blackstone
3. Mack Innovation Park II – lots 2 and 3
Sale price: $59,924,000
Address: 19th Avenue and Pinnacle Peak Road, Phoenix
Property description: 51.983 acres of vacant industrial land
Buyer: Mornstair
Seller: Mack Real Estate Group
Broker: CBRE
4. Tierra Santa Apartments
Sale price: $54,056,000 (new auction, loan amount)
Address: 4620 W. McDowell Rd., Phoenix | Phoenix
Property description: 274-unit apartment complex
Lender: Ascendant Capital Partners
Borrower: Tides Equities
5. Phoenix Corporate Center
Sale price: $32,250,000
Address: 3003 N. Central Ave, Phoenix
Property description:
Buyer: Louis Mikhail
Seller: Balfour Pacific
Broker: Newmark
