Here are the five biggest commercial real estate deals in Metro Phoenix from January of 2026, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine. 

5 biggest commercial real estate deals in January

Identifying the biggest commercial real estate deals in Metro Phoenix beginning in January 2026 provides a real-time snapshot of where capital, confidence and growth are converging. These transactions signal which sectors are expanding, how investors are pricing risk and opportunity, and where infrastructure, jobs and population growth are headed. Tracking major deals helps developers, lenders, brokers and policymakers understand market momentum, anticipate demand and benchmark performance. In a fast-growing region like Metro Phoenix, these deals don’t just reflect the market — they actively shape its economic trajectory for years to come.

1. Broadstone Fashion Center Apartments

Sale price: $109,000,000

Address: 555 S. Galleria Way, Chandler

Property description: 335-unit apartment complex

Buyer: Stockdale Capital Partners

Seller: Nuveen, a TIAA Company 

2. Commerce@303 (Alsup 303 Industrial Park)

Sale price: $104,550,000

Address: 5215 N. Alsup Rd. and 15600 W. Camelback Rd., Glendale

Property description: 663,367-square-foot mega warehouse

Buyer: Exeter Property Group

Seller: New York Life Insurance

Broker: Cushman & Wakefield

3. Biltmore at Camelback Apartments

Sale price: $97,350,000

Address: 2625 E. Camelback Rd., Phoenix

Property description: 270-unit multifamily property

Buyer: Principal Financial Group

Seller: Heitman

4. Virgin Industrial Park – Building A

Sale price: $90,579,360

Address: 15784 W. Hatcher Rd., Waddell

Property description: 566,121-square-foot mega warehouse

Buyer: ERMCO

Seller: Invesco

Broker: Cushman & Wakefield

5. Surprise Pointe Commerce Center

Sale price: $70,035,000

Address: 13290 W. Sweetwater Ave., Surprise

Property description: 418,400-square-foot industrial property

Buyer: US Immigration and Customs Enforcement Agency (ICE)

Seller: Rockefeller Group Development