The sale of a luxury multifamily community in Chandler led the 10 biggest commercial real estate deals in May. Here are the 10 biggest deals in Metro Phoenix commercial real estate from May of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.
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1. Zaterra Luxury Apartments
Sale price: $137,500,000
Location: 200 W. Germann Rd., Chandler
Description: 392-unit apartment complex
Buyer: Ares Management
Seller: PB Bell Companies
2. The CORE Scottsdale
Sale price: $97,500,000
Location: 15333 N. Hayden Rd., Scottsdale
Description: 282-unit apartment complex
Buyer: MC Companies
Seller: Starlight Investments
3. Tides on Cave Creek
Sale price: $61,207,054
Location: 12810 N. Cave Creek Rd., Phoenix
Description: 206-unit apartment complex
Buyer: Mack Real Estate Group
4. Oceana Apartments
Sale price: $53,000,000
Location: 1700 N. 103rd Ave., Avondale
Description: 240-unit apartment complex
Buyer: 29th Street Capital
Seller: 29th Street Capital
5. Phoenix Gateway Center
Sale price: $47,558,940
Location: 410 N. 44th St., Phoenix
Description: 434,000 SF office complex
Buyer: Western Alliance Bank
Seller: Bridge Investment Group Partners
6. Edgecore Mesa North Data Center Campus (proposed)
Sale price: $43,952,475
Location: 9903 E. Elliot Rd., Mesa
Description: 43.87 acres of land
Buyer: EdgeCore Digital Infrastructure
Seller: Brookfield Properties
7. Fountain View Village
Sale price: $39,564,364
Location: 16455 E. Avenue of the Fountains, Fountain Hills
Description: 244-unit assisted living facility
Buyer: Welltower (formerly Health Care REIT)
Seller: Focus Healthcare Partners
8. 2,075 acres of land in Tonopah
Sale price: $37,500,000
Location: Tonopah
Description: 2,075 acres of land in Tonopah
Buyer: Arizona Land Consulting
Seller: Avanti Properties Group
Brokers: Western Land Company (buyer) and Land Advisors Organization (seller)
9. 130 S. 83rd Ave.
Sale price: $36,050,000
Location: 130 S. 83rd Ave., Tolleson
Description: 222,111 SF distribution warehouse
Buyer: Longpoint
Seller: The Opus Group
Broker: Cushman & Wakefield
10. Phelan Pecos Center I – Building C
Sale price: $29,425,000
Location: 8341 E. Pecos Rd., Mesa
Description: 141,117 SF industrial flex
Buyer: Libitzky Property Companies
Seller: Phelan Development
Broker: Cushman & Wakefield
