What's Hot

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [July 1, 2025] - Retail Center & Senior Residential Development Planned in Casa Grande
    • [July 1, 2025] - New 108-Room Hotel, Conference Center Planned in S. Phoenix
    • [July 1, 2025] - State Government Shutdown Averted as Hobbs Signs Budget
    • [July 1, 2025] - Industry Professionals 07-01-25
    • [July 1, 2025] - Commercial Real Estate 07-01-25
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    • [June 27, 2025] - Phoenix-to-Tucson Rail Study Advances
    • [June 27, 2025] - Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Commercial Real Estate 07-01-25

      July 1, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Industry Professionals 07-01-25

      July 1, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      More Cities Considering Data Center Restrictions

      June 18, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Industry Professionals 07-01-25

      July 1, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Commercial Real Estate » Commercial Real Estate Transactions 02-11-20
    Commercial Real Estate

    Commercial Real Estate Transactions 02-11-20

    BEX StaffBy BEX StaffFebruary 11, 2020No Comments3 Mins Read
    5. 7850-S-Priest-Drive. Credit: Kidder Mathews
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Sales Transactions
    1. Southwest Value Partners, A real estate investment firm founded by Phoenix Suns owner Robert Sarver, has purchased the 235-key Hilton Scottsdale Resort & Villas for $62M, and the 378-room Doubletree Resort by Hilton Paradise Valley-Scottsdale for $100M from Rockpoint Group LLC.
    2. BKM Capital Partners acquired several properties in Arizona totaling $157.5M. The properties in the newly acquired Phoenix portfolio include:

    • Magnolia – a 35.4KSF building at 2655 Magnolia Street, Phoenix.
    • Hohokam 10E – an 82-unit multi-tenant industrial property located along S. 48th Street, 12th Street, and S. Park Lane, Tempe.
    • Broadwood – a four-building, 34-unit multi-tenant industrial property at 2450-2452 W. Broadway Road, Mesa.
    • Broadway 101 Commerce Park – a 55-unit multi-tenant industrial property at W. Broadway Road, Mesa.

    3. Freeport-McMoRan purchased 17K acres of desert land for $13.5M from the Arizona State Land Department, in order to use the property to store waste form the Bagdad Copper Mine.
    4. Mark Anthony Brewing has acquired 96 acres of land near Reems Road, between Peoria and Olive Avenues, for its Glendale facility for $12.8M. The land was purchased from Leyton Woolf, and the building will be part of the Woolf Logistics facility.
    5. Ingemanson Enterprises purchased a single-tenant NNN investment leased to Goodwill and located in the Elliott Plaza Shopping Center at 7850 S. Priest Drive, Tempe, for $6.22M. Kidder Mathews commercial real estate brokers, Kevin Sheehan, Tyler Boyd, and Mike Ciosek, represented the Ingemanson in the transaction.
    6. Gladstone Commercial Corporation acquired the property at 3382 East Global Loop, Tucson for $6.142M.
    7. Foundation Partners Group purchased two Adair Funeral Homes and one Desert Sunset Funeral Homes in Tucson, for an aggregate amount of $4.72M.
    8. Marcus & Millichap has announced the $3.015M sale of Circle K, a 2.9KSF net-leased property at 4808 East Bell Road, Scottsdale. Jonathan Eckerd, Peter Lenstrohm, Mark Ruble, Chris Lind and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust, and procured the buyer, a limited liability company.
    9. PHX Buildings, LLC purchased the 25.8KSF Mega 104.3 office building at 1710 E. Indian School Road, Phoenix, for $2.2M. Judy Jones and Eddie Gonzalez with SVN Desert Commercial Advisors represented the seller, Occidental Investments, LLC.
    10. Barro’s Pizza, recently purchased the 5.2KSF former Ruby Tuesday building at 2571 S. Market Street, Gilbert, for $2.15M. Barro’s was represented by James DeCremer with the Phoenix office of Avison Young.
    11. Donna Marie Ostermiller Property Trust purchased the brand new Dollar General at 12059 W. Clark Farms Boulevard in Marana, for $2.057M. Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the seller, DCM Development Company, LLC. Mahlon Tobias with Tobias Commercial represented the buyer.
    Closures
    12. Macy’s Inc. has confirmed it will shutter its customer contact center in Tempe and merge that work into other call centers in Mason, Ohio, and Clearwater, Florida, as the national retailer looks to curb expenses. It will also close approximately 125 of its least productive stores across the country.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Commercial Real Estate 07-01-25

    July 1, 2025

    Commercial Real Estate 06-24-25

    June 24, 2025

    Commercial Real Estate 06-17-25

    June 17, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025

    Industry Professionals 07-01-25

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 20250

    By Roland Murphy for AZBEX Mary-T Inc. is planning a mixed-use development combining 77 age-restricted…

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025

    Industry Professionals 07-01-25

    July 1, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.