Here are the 10 biggest deals in Metro Phoenix commercial real estate from January of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.
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1. Town Deer Valley Apartments
Price: $131,100,000
Sector: Multifamily
Location: 24100 N. 19th Ave., Phoenix
Size: 388-unit apartment complex
Buyer: Goodman Real Estate
Seller: Rockpoint
2. IMT Desert Ridge Apartments
Price: $126,000,000
Sector: Multifamily
Location: 21155 N. 56th St., Phoenix
Size: 370-unit apartment complex
Buyer: IMT Residential / IMT Capital
Seller: CWS Capital Partners
3. Courtyard Hotel and Sheraton Mesa Hotel
Price: $50,250,000
Sector: Hospitality
Location: 2224 W. Rio Salado Pkwy. and 860 N. Riverview St., Mesa
Size: 129-unit and 180-unit hotels
Buyer: HSL Properties
Seller: Power Hotel Group
Broker: Cushman & Wakefiel
4. Vistar – Phoenix (Dobbins Industrial Tech Park – Building 5)
Price: $32,246,430
Sector: Industrial
Location: 9850 S. 65th Ave., Laveen
Size: 131,500 SF industrial property
Buyer: Eaton Vance
Seller: Scannell Properties
5. Mountainview Marketplace
Price: $22,000,000
Sector: Retail
Location: 3131 E. Thunderbird Rd., Phoenix
Size: 128,046 SF neighborhood shopping center
Buyer: Bright Light Ventures
Seller: United Growth
6. Surprise Foothills Phase 1 & Phase 1B (Proposed)
Price: $20,524,420
Sector: Land
Location: NWC 219th Avenue and Sun Valley Parkway, Surprise
Size: 309 acres
Buyer: DW Partners / Domain Real Estate Partners
Seller: Elliott D Pollack & Company
Broker: Nathan & Associates
7. Skyway Commons – Building D
Price: $20,500,000
Sector: Industrial
Location: 11701 N. 132nd Ave., Surprise
Size: 135,896 SF industrial
Buyer: Capital Bay Partners
Seller: Performance Capital Partners
8. Boulder Creek Apartments
Price: $20,100,000
Sector: Multifamily
Location: 915 N. 52nd St., Phoenix
Size: 148-unit apartment complex
Buyer: MC Companies
Seller: Pinnacle Holdings
Brokers: ABI Multifamily, Avison Young
9. 19th Avenue and Northern Shopping Center
Price: $17,000,000
Sector: Retail
Location: 8072 N. 19th Ave., Phoenix
Size: 97,964 SF shopping center.
Buyer: Tarantino Properties
Seller: Town West Realty
10. Deserama Mobile Home Community
Price: $16,250,000
Sector: Mobile home park
Location: 2434 E. Main St., Mesa
Size: 134-unit age-restricted mobile home park
Buyer: Bridge Investment Group
Seller: Wayne M. Comfort
