The Arizona commercial real estate industry is red-hot right now, ranking among the best markets for multifamily sales in the nation. Those rankings are backed up by the biggest commercial real estate deals in Metro Phoenix, according to data collected by the commercial real estate tracking website Vizzda. Here are the 10 biggest commercial real estate deals in Arizona that closed in June.
READ ALSO: Here are the 10 biggest land deals from May
1. Camelback Colonnade: $162,500,000
Location: 4724 N. 20th St., Phoenix
Buyer: Federal Realty Investment Trust
Seller: RED Development
2. Centra Apartments: $74,500,000
Location: 3601 N. Central Ave., Phoenix
Buyer: MG Properties
Seller: Fore Property Company
3. Level at Sixteenth: $69,100,000
Location: 1550 E. Campbell Ave., Phoenix
Buyer: Sares-Regis Group
Seller: Abacus Capital Group
4. Aura on Broadway: $64,750,000
Location: 1221 E. Broadway Rd., Tempe
Buyer: Decron Properties
Seller: Brass Enterprises
5. Sierra Pines Apartments: $55,000,000
Location: 9422 N. 31st Ave., Phoenix
Buyer: Kohlberg Kravis Roberts & Co.
Seller: Western Wealth Capital
6. The Villas at Mountain Vista: $55,000,000
Location: 16630 N. Reems Rd., Surprise
Buyer: Capital Real Estate
7. Desert Garden Apartments: $47,550,000
Location: 13517 W. Glendale Ave., Glendale
Buyer: Tides Equities
Sellers: Amy and Marco Lizardi
8. Westcreek Apartments: $41,000,000
Location: 4040 W .Peoria Ave., Phoenix
Buyer: Greenwater Investments
Sellers: Suzana McCoy and Urania Pinheiro
9. Daybreak Place Apartments: $37,980,000
Location: 815 E. Bethany Home Rd., Phoenix
Buyer: S2 Capital
Seller: John S. Johnson
10. Clarendon Park Apartment Homes: $37,250,000
Location: 222 W. Clarendon Ave., Phoenix
Buyer: Liptz & Associates Inc.
Seller: 3rd Ave Investments
