December 23, 2014


Big Deals: Aug. 1 to Sept. 31, 2014

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.

In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from publication based on research compiled by Cassidy Turley and Colliers International with CoStar.

1. Ryan West Business Park, Tolleson

242,863 SF; $14,591,460

Buyer: Cohen Asset Management, Inc.

Seller: EG Properties LLC

ListingBrokerS: Will Strong, Mike Haenel and Andy Markham, Cassidy Turle


2. 317 S. 48th St., Phoenix

113,827 SF; $9.2M

Buyer: Road Machinery LL C

Seller: DriveTime Automotive Group, Inc.

Listing Brokers: CBRE


3. 2021 S. 51st Ave., Phoenix

69,842 SF; $8.85M

Buyer: Duke Realty Corporation

Seller: NATMI Truck Terminal LLC

Listing Brokerage: Duke Realty Corporation Mike Haenel



4. Freeport Distribution Center, Phoenix

135,114 SF; $7,500,170

Buyer: Lincoln Property Company

Seller: Brookfield Asset Management, Inc.

Listing Brokerage: HFF


5. 7848-7850 E. Redfield Rd., Scottsdale

38KSF; $4.95M

Buyer: Robertson Scottsdale 7848 LLC

Seller: 7848 Cimarron LLC

Listing Brokerage: Shell Commercial Andy Markha

1. Citizenship & Immigration Services, Phoenix

53,314 SF; $17.6M

Buyer: Washington Alliance Capital, LL C

Seller: Wilco Strategic Partners, LLC

Listing Brokerage: Cushman & Wakefield


2. 16001 N. 28th Ave., Phoenix

106,397 SF; $15.1M

Buyer: Sabal Financial Group LP

Seller: CWCapital Asset Management LLC

Listing Brokerage: CBRE


3. Arizona Business Park, Phoenix

66,724 SF; $13M

Buyer: Government Properties Income Trust

Seller: Crown West Realty, LLC

Listing Brokerage: Crown West Realty LCC


4. Anasazi Plaza Off ice Park, Phoenix

109,961 SF; $10.85M

Buyer: HighBrook Investment Advisors, LLC

Seller: Lone Star Funds


5. 20410 N. 19th Ave., Phoenix

107,156 SF; $9,949,179

Buyer: Sabal Financial Group LP

Seller: CWCapital Asset Management LLC

Listing Brokerage: CBRE



1. 7845 W. Broadway Rd., Phoenix

872 acres; $33,808,200

BUYER: Vulcan Materials Company

SELLER: Edw. C. Levy Co.


2. South Power Road, Gilbert

100 acres; $22,905,900

BUYER: Fulton Homes Corporation

SELLER: Poco Ranch, Inc.


3. NE Germann and Lindsay roads, Gilbert

90 acres; $13,745,794

BUYER: DT Acceptance Corporation

SELLER: The Lamoreaux Family, LLC


4. Spectrum Astro, Gilbert

63 acres; $12M

BUYER: SunCap Property Group

SELLER: LNR Property Corporation

Listing Brokerage: CBRE


5. El Paso Natural Gas, Glendale

395 acres; $11.7M

BUYER: Marbella Ranch LLC

SELLER: El Paso Natural Gas Company

1. The District on Apache, Tempe

223,200 SF; 281 units; $89.9M

BUYER: Education Realty Trust, Inc.

SELLER: The Ecclestone Organization, Inc.

Listing And Buying Brokers: Peter Katz, Brian Abernathy and Justin Britto, Education Realty Trust, Inc. – REIT


2. Lakeview at Superstition Springs, Mesa

680,718 SF; 676 UNITS; $66.6M

BUYER: Fairfield Residential

SELLER: Heitman Capital Management Corp.

Listing Brokerage: CBRE


3. Sierra Ranch, Phoenix

584,641 SF; 582 UNITS; $48M

BUYER: Phoenix Uprising, LLC


Listing Brokerage: Berkadia


4. Grigio Metro, Tempe

584,641 SF; 408 units; $47.05M

BUYER: Crow Holdings

SELLER: Canyon-Johnson Urban Funds

Listing Brokerage: JLL


5. Sonoran Vista, Scottsdale

271,112 SF; 246 units; $43M

BUYER: Aukum Group LLC

SELLER: Security Properties

Listing Brokerage: CBRE

1. Village Center, Phoenix

171,129 SF; $22,836,349

BUYER: NewQuest Epic Investments

SELLER: Phillips Edison Fund IV

Listing Brokers : Jesse Goldsmith and Steve Julius, CBRE


2. Hayden Crossing Shopping Center, Scottsdale

63,446 SF; $14.046M Jesse Goldsmith

BUYER: Transpacific Development Company

SELLER: Jay C Evans & Karen D Evans

Listing Brokerage: Cassidy Turley


3. Airpark Design Center, Scottsdale

92,001 SF; $13,856,783

BUYER: Kootenay Holdings, Ltd.

SELLER: John D. Wright

Listing Brokerage: Shell Commercial


4. 7141 E. Lincoln, Paradise Valley

30,220 SF; $11,378,506

BUYER: RN Properties South Mountain LLC

SELLER: McCarthy Lincoln Plaza LP

Listing Brokerage: Lee & Associates


5. Marley Park Plaza, Surprise

71,307 SF; $10,758,810

BUYER: IMAN Enterprises, LLC

SELLER: Donahue Schriber Commercial Real Estate

Listing Brokerages: Cassidy Turley




1. Canal Crossing Logistics Center, Phoenix


Landlord: Conor Commercial Real Estate and Globe Corporation

Tenant: LKQ Corporation Landlord Brokers: Jeff Conrad and Allen Lowe, Lee & Associates

TENANT Brokers: Mike Parker and Evan Koplan, CBRE


2. Liberty Tolleson Center Phase II ,Tolleson

73,781 SF

Landlord: Liberty Property Trust

Tenant: Green Light Direct Services

Landlord Brokerage: JLL

TENANT Brokerage: CD Commercial Advisors


3. Airport I-10 Business Park Phase I, Bldg. E, Phoenix


Landlord: Wentworth PropertyCompany

Tenant: Anixter International, Inc.

Landlord Brokerage: JLL

TENANT Brokerage: CBRE


4. 1720 W. Broadway Rd., Mesa


Landlord: Zimmerman Commons LLC

Tenant: United Subcontractors Inc.

Landlord Brokerage: Cutler Commercial

TENANT Brokerage: Cassidy Turley


5. Gold Canyon Candles, Inc., Chandler


Landlord: Twenty Square Holdings, LLC

Tenant: Barlow Company, Inc.

Landlord Brokerage: Lee & Associates

TENANT Brokerage: Cassidy Turley




1. Fountainhead Business Park, Tempe

101,803 SF

Landlord: KBS Realty Advisors

SUBLANDLORD : University of Phoenix

SUBTenant: Concentrix Corporation

SUBLandlord Brokers: John Bonnell, Karsten Peterson, Brett Abramson and Dave Seeger, JLL

SUBTENANT Broker: Curtis Brown, Ross Brown Partners


2. 2700 Corporate Center, Chandler

65,860 SF

Landlord: W. P. Carey & Company

Tenant: Apria Healthcare

Landlord Brokerage: JLL


3. East GatewayCenter Phase I, Phoenix

50,341 SF

Landlord: Pacifica Real Estate

Group, LLC

Tenant: Mobile Mini

Landlord Brokerage: CBRE

TENANT Brokerage: CBRE


4. Phoenix Gateway Center, Phoenix

45,863 SF

Landlord: Oaktree Capital


Tenant: Health Choice Arizona

Landlord Brokerage: Transwestern

TENAN T Brokerage: CBRE


5. Collier Center I, Phoenix

24,441 SF

Landlord: GE Asset Management

Tenant: Gannett

Landlord Brokerage: CBRE

TENANT Brokerage: CBRE




1. Peoria Towne Center, Peoria

56,875 SF

Landlord: State Trailer Supply

Tenant: State Trailer RV & Outdoor Supply

Landlord and Tenant Broker: Jake Ertle, Rein & Grossoehme


2. Major A/B & Shops A, Chandler

27,600 SF

Landlord: Arizona Partners Retail Investment Group LLC

Tenant: Goodwill

Landlord Brokerage: Arizona Partners Retail Investment Group LLC


3. Shea Scotts dale Center, Scottsdale

22,450 SF

Landlord: Karlin Real Estate

Tenant: LA Fitness

Landlord Brokerage: Arizona Partners Retail Investment Group LLC


4. Tri-Valley Plaza, Casa Grande

20,500 SF

Landlord: Larsen Baker

Tenant: Planet Fitness

Landlord Brokerage: Larsen Baker

TENANT Brokerage: NA I Horizon


5. River Point Phase II , Mesa


Landlord: Kimco Realty Corporation

Tenant: Tuesday Morning

Landlord Brokerage: Kimco Realty Corporation