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.
SALES
1. Biltmore Commerce Center
Phoenix
258,348 SF; $42,773,000
Buyer: DPC Development Companies
Seller: The Muller Company
Listing Broker: Chris Toci, Chad Littell, Jerry Jacobs, Larry Downey, Cushman & Wakefield
2. North Scottsdale Corporate Center
Phoenix
156,629 SF; $38,600,000
Buyer: Artis REIT Seller: Miller Global Properties, LLC
LISTING BROKER: Chris Toci, Cushman & Wakefield
3. Kierland One
Scottsdale
175,441 SF; $29,300,000
Buyer: Pacific Coast Capital Partners LLC
Seller: Cornerstone Real Estate Advisors, Inc.
Listing Broker: Barry Gabel, Mindy Korth and Chris Marchildon, CBRE
4. DeVry University
Phoenix
111,957 SF; $23,030,000
Buyer: Cole Corporate Income Trust, Inc. Seller: LBA Realty
Listing Broker: Jeffrey Cole, Cushman & Wakefield
5. Midtown Bank of America Tower
Phoenix
189,868 SF; $14,800,000
Buyer: Omninet Capital Seller: Morrison Street Capital, LLC
Listing Broker: Michael Crystal, Cushman & Wakefield
LEASES
1. Discovery Business Campus, Tempe
2118 E. Elliot Rd.
166,127 SF
Landlord: Wentworth Property Company/Discovery Business Park Tenant: State Farm
Landlord Brokers: Karsten Peterson, Dave Seeger and Mark Detmer, Jones Lang LaSalle Tenant Brokers: John Pierson, Jones Lang LaSalle
2. Discovery Business Campus, Tempe
2104 E. Elliot Rd.
133,044 SF
Landlord: Wentworth Property Company/Discovery Business Park
Tentant: State Farm
Landlord Brokers: Karsten Peterson, Dave Seeger and Mark Detmer, Jones Lang LaSalle Tenant Brokers: John Pierson, Jones Lang LaSalle
3. Diablo Technology Center, Tempe
73,000 SF
Landlord: Walton Street Capital/The Muller Company Tenant: Xerox Commercial Solutions Landlord Brokers: Charles Miscio and Danny Plapp, Colliers International Tenant Broker: Pat Williams, Jones Lang LaSalle
4. 2455 S. 7th St., Phoenix
38,739 SF
Landlord: Harrison Properties Tenant: Arizona Department of Economic Security Landlord Broker: James Harrison, Jeff Dalton and Natalie Dalton, Harrison Properties
5. Pima Northgate, Scottsdale
25,219 SF
Landlord: ASB Capital Management, LLC Tenant: LoanDepot.com Landlord Brokers: Tim Whittemore, Michael White and Chris Nord, Cushman & Wakefield Tenant Broker: John Gillespie, Newport Commercial Realty Advisors
