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 DTZ and Colliers International with CoStar.
1. UNIVERSITY OF PHOENIX HQ, PHOENIX
599,664 SF; $183M
BUYER: Epic, LLC
SELLER: American Realty Capital Properties, Inc.
LISTING BROKERAGE: Barry Gabel and Chris Marchildon, CBRE
2. CAMELBACK ESPLANADE III, PHOENIX
218,226 SF; $74.3M
BUYER: Crow Holdings Capital Partners, LLC
SELLER: AEW Capital Management
LISTING BROKERAGE: CBRE
3. PROMENADE CORPORATE CENTER, SCOTTSDALE 256,175 SF; $65M
BUYER: Lincoln Property Company
SELLER: Excel Trust, Inc.
LISTING BROKERAGE: DTZ
4. LINCOLN TOWNE CENTER, SCOTTSDALE
226,112 SF; $58.5M
BUYER: Transwestern
SELLER: Equus Capital Partners, Ltd.
LISTING BROKERAGE: Cushman & Wakefield, Inc.
5. CAMELBACK SQUARE, SCOTTSDALE
174,917 SF; $42.35M
BUYER: Velocis Partners
SELLER: Lincoln Property Company
LISTING BROKERAGE: CBRE
