Two record-setting deals highlighted the biggest commercial real estate deals in Metro Phoenix from August of 2026. Here are the five biggest commercial real estate deals in Metro Phoenix from August of 2026, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.
1. Park 303 Phase 2 – Buildings A and B
Sale price: $170,250,000
Location: 16400 and 16500 N. Glendale Ave., Litchfield Park
Property description: 1,113,135-square-foot industrial property
Buyer: Nuveen Real Estate
Seller: Lincoln Property Company
Broker: Cushman & Wakefield
2. Camelback Esplanade III
Sale price: $86,000,000
Location: 2415 E. Camelback Rd., Phoenix
Property description: 221,836-rentable-square-foot, Class-A office property
Buyer: Southwest Value Partners
Seller: C-III Capital Partners
Lender: Western Alliance Bank
3. Ascend at Black Canyon
Sale price: $58,700,000
Location: 28201 N. Black Canyon Hwy., Phoenix
Property description: 260-unit apartment complex
Buyer: Millburn and Company
Seller: DR Horton
Lender: Berkadia
4. Gilbert Spectrum Building 3
Sale price: $56,128,000
Location: 1655 W. Elliot Rd., Gilbert
Property description: 115,212-square-foot industrial property
Buyer: Syndicated Equities
Seller: SunCap Property Group
5. Tolleson Logistics Center
Sale price: $47,800,000
Location: 670 S. 91st Ave., Tolleson
Property description: 417,600-square-foot distribution warehouse
Buyer: INDUS Realty Trust
Seller: Nearon Enterprises
