Sales Transactions
1. Mack Real Estate Group sold roughly 28 acres of vacant land in the Mack Innovation Park for $41.06M. United Integrated Services Corporation purchased the site and plans to construct a 480KSF industrial building. DAUM Commercial’s Bob Lundstedt represented the buyer
2. Rise48 Equity purchased a 194-unit apartment community at 1050 W. 8th Ave. for $33.8M in Mesa. The seller was not disclosed.
3. Cadre Holdings purchased a 70.4KSF industrial manufacturing facility at 9330 N. 91st Ave. in Peoria for $30M. The purchase was part of Cadre’s $120M acquisition of TYR Tactical.
4. AndMark Brookwood Apartments LLC recently purchased the 272-unit Brookwood apartment complex for $28.25M. The complex, located at 201 S. Kolb Road in Tucson, was sold by VP Brookwood LLC. Clint Wadlund and Hamid Panahi of Marcus & Millichap’s Institutional Property Advisors division procured the buyer and represented the seller.
5. Castle Park Investments sold Silverview RV Resort, a 423-site RV resort at 1600 Silver Creek Road in Bullhead City, for $8.8M to Silverview RV Resort LLC. Hunter LaRocca, Kevan Enger, Ian Hilpl and Brian Hummell of Berkadia represented the seller and arranged financing for the buyer.
6. Crimson Canyon purchased a 38-acre parcel in Buckeye for $8.3M. The parcel will be used as part of a 74-acre industrial park originally named Rooks Technology Park and will feature roughly 1MSF of industrial space across two or three buildings. The seller was not disclosed.
7. 1890 River LLC, c/o LBSL Investments LLC, purchased a 16.3KSF two-story office building in the Saint Philip’s Plaza/Cambric Corporate Center at 1890 E. River Road in Tucson for $5.3M. The seller was River Campbell LLC.
8. Beacon Group, Inc. purchased 4.7KSF of office space at Coronado Professional Plaza at 3400 N. Dysart Road, Building E, Units 117 & 119 in Avondale from Arizona Agribusiness & Equine Center, Inc. for $2.05M. Kameron Norwood with Cushman & Wakefield | PICOR represented the buyer. Joel Moyes with Red Brick Realty represented the seller.
Lease Transactions
9. TOCALCO Co. Ltd. signed a 32KSF lease at 400 N. 56th St. in Chandler. The Japanese semiconductor company was represented by Kidder Mathews’ Mike Ciosek, while the landlord was represented by Ross Brown Partners’ Payton Kruidenier, Rick Collins and Kyle McGinley. The tenant is expected to commence operations during the first half of 2027.