The sale of a shopping complex in Mesa led the biggest commercial real estate deals in April. Here are the 10 biggest deals in Metro Phoenix commercial real estate from April of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.
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1. Superstition Gateway East & West
Sale price: $121,000,000
Location: 1614-1959 S. Signal Butte Rd. and 10720-10746 E. Baseline Rd., Mesa
Description: 489,434-square-foot retail power center
Buyer: Alvarez & Marsal Capital Real Estate
Seller: Desert Troon Companies
Broker: Lee & Associates
2. Soltra Kierland Apartments
Sale price: $107,500,000
Location: 7111 E. Tierra Buena Lane, Scottsdale
Description: 202-unit apartment complex
Buyers: Mohsin Ilyas and Ahmed Azizi
Seller: Leon Capital Group
3. Sight Logistics Park
Sale price: $103,050,000
Location: 6840 and 6860 S. Harl Ave., Tempe
Description: 357,103-square-foot industrial flex
Buyer: CBRE Investment Management
Seller: ViaWest Group
Broker: JLL
4. Bella Encanta
Price: $95,750,000
Location: 9745 E. Hampton Ave., Mesa
Size: 212-unit build-to-rent community
Buyer: JP Morgan
Seller: Bela Flor Communities
5. Broadstone Uptown Apartments
Price: $87,000,000
Location: 502 W/ Camelback Rd., Phoenix
Size: 280-unit apartment complex
Buyer: ReNUE Properties
Seller: Alliance Residential
6. The Place at Santana Village
Sale price: $48,000,000
Location: 7606 W. Peoria Ave., Peoria
Description: 224-unit apartment complex
Buyer: MC Companies
Seller: MC Companies
7. Sanctuary at South Mountain
b $48,000,000
Location: 6250 S. 40th St., Phoenix
Description: 166-unit build-to-rent community
Buyers: Raith Capital Partners and Tower 16 Capital Partners
Seller: The Carlyle Group
Broker: Berkadia Real Estate Advisors
8. BB Living at Cavasson (proposed)
Sale price: $44,000,000
Location: 7701 E. Legacy Blvd., Scottsdale
Description: 18 acres
Buyer: BB Living Residential
Seller: Grayhawk Development
Broker: Nathan & Associates
9. Scannell Warner Gateway 202 Industrial Park – Building 4
Sale price: $42,309,359
Location: 4712 S. Ellsworth Rd., Mesa
Description: 150,922-square-foot industrial
Buyer: Super Radiator Coils
Seller: Scannell Properties
10. Azul Apartments (formerly known as Mission Shadows)
Sale price: $37,100,000
Location: 8111 N. 19th Ave., Phoenix
Description: 227-unit apartment complex
Buyer: Robert La France
Seller: Sheiner Group
