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 for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.
1. The Hub on Campus
Tempe
384,098 SF; $103,000,000
Buyer: Inland American Communities Group
Listing Broker: Chris Bancroft, Chris Epp, Meredith Wolff, Brad Goff and David Lord, Apartment Realty Advisors
2. Promontory Pointe Apartments
Phoenix
422,376 SF; $41,500,000
Buyer: Green Leaf Partners
Listing Broker: Cliff David, Marcus & Millichap
3. Gateway on Gilbert Apartments
Mesa
387,424 SF; $34,000,000
Buyer: Hamilton Zanze & Company
Listing Broker: David Lord, Apartment Realty Advisors
4. Camden Sotelo
Tempe
164,000 SF; $34,000,000
Buyer: Camden Property Trust
Listing Broker: Mark Forrester, Hendricks & Partners
5. Desert Harbor Apartments
Peoria
262,295 SF; $26,682,000
Buyer: Murray Hill Developments, Ltd.
Listing Broker: Brad Goff, Apartment Realty Advisors
Buyer’s Broker: Alon Shnitzer, ORION Investment Real Estate
