What's Hot

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [May 30, 2025] - Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail
    • [May 30, 2025] - Senior/Assisted Living Center Proposed in Maricopa
    • [May 30, 2025] - Scottsdale Establishes Transportation & Infrastructure Department
    • [May 30, 2025] - Arizona Projects 05-30-25
    • [May 28, 2025] - Split Vote Complicates Plans for VAI Resort
    • [May 28, 2025] - Safford Approves 165-Unit Multifamily Development
    • [May 27, 2025] - JDM Proposal Reimagines Biltmore Infill Project
    • [May 27, 2025] - $500M Whiteriver Hospital Preparations Advancing
    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

      Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

      May 30, 2025

      Senior/Assisted Living Center Proposed in Maricopa

      May 30, 2025

      Split Vote Complicates Plans for VAI Resort

      May 28, 2025

      Safford Approves 165-Unit Multifamily Development

      May 28, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      EdgeCore 44-Acre Mesa Land Buy Sets Up Massive Expansion

      May 23, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 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

      Peoria Council Approves $1.9B 10-Year CIP

      May 27, 2025

      Scottsdale Water Needs $50M for ‘Toilet to Taps’

      May 9, 2025

      Phoenix Releases $11.5B, 5-Year CIP with Nearly 1,000 Projects

      April 1, 2025

      Buckeye Starts Planning Bond Funding Outlays

      February 26, 2025

      Commercial Real Estate 05-27-25

      May 27, 2025

      Commercial Real Estate 05-20-25

      May 21, 2025

      Commercial Real Estate 05-13-25

      May 13, 2025

      Commercial Real Estate 05-06-25

      May 6, 2025

      Industry Professionals 05-27-25

      May 27, 2025

      Industry Professionals 05-20-25

      May 21, 2025

      Industry Professionals 05-13-25

      May 13, 2025

      Industry Professionals 05-06-25

      May 6, 2025

      Arizona Projects 05-30-25

      May 30, 2025

      Arizona Projects 05-23-25

      May 23, 2025

      Arizona Projects 05-16-25

      May 16, 2025

      Arizona Projects 05-09-25

      May 9, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Executive Order Will Streamline Federal Acquisition Regulations System

      April 26, 2025

      Legislation to Save Axon Plan Continues to Advance

      April 16, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Backlogs, Confidence Increase in April

      May 16, 2025

      Multifamily Developer Confidence Down in Q1

      May 13, 2025

      U.S. Construction Added 11,000 Jobs in April

      May 6, 2025

      Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

      May 30, 2025

      Senior/Assisted Living Center Proposed in Maricopa

      May 30, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      Arizona Projects 05-30-25

      May 30, 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 10-22-24
    Commercial Real Estate

    Commercial Real Estate 10-22-24

    BEX StaffBy BEX StaffOctober 22, 2024No Comments3 Mins Read
    8. Bond. Credit: George Oliver
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Sales Transactions

    1. Amazon Data Services purchased two parcels in Laveen from IDM Companies for $277.3M. IDM had previously completed multiple rezonings to allow for future industrial development along the Loop 202 South Mountain Freeway in Laveen’s “technology corridor”. The two parcels of land near 63rd Avenue and Dobbins Road total more than 200 acres.

    2. American Leadership Academy purchased a 225.9KSF charter school campus in Mesa for more than $80M. The 2022 campus was built by Schoolhouse Development on 22.2 acres at 7726 E. Pecos Road. The purchase was financed by $201.6M in revenue bonds originating from the Pima County Industrial Development Authority.

    3. Bridge Partners purchased the 120-unit Ponderosa Park multifamily property in Flagstaff for $28.1M. The seller of the 103.6KSF property at 1201 E. Ponderosa Pkwy. was Keller Investment Properties. Steve Gebing, Cliff David and Hamid Panahi of Institutional Property Advisors represented the seller and procured the buyer. IPA’s Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, Jake Vitta and Tyler Johnson secured the financing.

    4. Arizona Land Consulting has closed on a $20M acquisition in Buckeye. The property is located on W. Southern Avenue and S. Rooks Road, totaling 131 acres of land zoned for industrial purposes. The property is equipped with a Certificate of Assured Water Supply, allowing it to be subdivided into multiple facilities.

    5. CBRE negotiated the $17.5M sale-leaseback of the MarLam Industries Manufacturing portfolio, two buildings that total approximately 106.2KSF, in Phoenix to a joint venture led by Wentworth Property Company. The adjacent buildings sit at 2425 S. 10th St. and 834 E. Hammond Lane. CBRE’s Geoffrey Turbow, Anthony DeLorenzo and Matt Pourcho represented MarLam.

    6. Wildflower Apts, LLC purchased Wildflower apartments, a 28-unit apartment complex at 2850 N. Alvernon Way, in Tucson. The property was purchased from Aim Higher Properties, LLC for $2.5M. Allan Mendelsberg and Joey Martinez with Cushman & Wakefield | PICOR represented both parties.

    7. A Starbucks at 1610 W. St. Mary’s Road in Tucson sold in a net lease sale for approximately $2.5M. The 1KSF building is at the NWC of St. Mary’s and Silverbell. The buyer/investor was 1610 St Mary’s LLC. The seller was Holland Real Estate, LLC, which was represented by Marcus & Millichap’sChristopher Lind, Mark Ruble and Nicholas Christifulli.

    Lease Transactions

    8. George Oliver has secured a string of new leases at Bond, its office redevelopment nearing completion in the heart of the Camelback Corridor. The seven leases total nearly 65KSF for the 287KSF building at 3200 E. Camelback Road, on the NEC of Camelback Road and 32nd Street in Phoenix. New leases include:

    • Industrious, which leased 23.8KSF with an early 2025 move-in date;
    • Falvey Insurance Group, which leased 13.2KSF with a move-in scheduled this fall;
    • GHD, which currently occupies its 10.7KSF lease;
    • WFG National Title, which currently occupies its 8.8KSF lease;
    • Terram Lab, which leased 3.5KSF with an early 2025 move-in date;
    • A Scottsdale-based financial services firm, which leased 2.7KSF with an early 2025 move-in date; and
    • Southwest Value Partners, which will commence a lease in Q2, 2025.

    Bond’s remaining availability ranges from 70KSF to 3.6KSF with new spec suites being delivered in Q2 2025. Ryan Timpani and Brett Thompson of JLL are the exclusive leasing brokers.

    9. Logan Simpson has leased 14.2KSF at the Gateway Center, 222 S. Mill Ave. in Tempe. The company was represented by Mike Gordon and Sydney Setnar of JLL. Owner Cousins Properties was represented by Bryan Taute and Will Mask with CBRE Group Inc.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Commercial Real Estate 05-27-25

    May 27, 2025

    Commercial Real Estate 05-20-25

    May 21, 2025

    Commercial Real Estate 05-13-25

    May 13, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025

    Arizona Projects 05-30-25

    May 30, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 20250

    By Roland Murphy for AZBEX The City of Phoenix wants to transform the 19th Avenue…

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 2025

    Arizona Projects 05-30-25

    May 30, 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

    Phoenix Wants Multifamily Mixed-Use at 19th & Dunlap Light Rail

    May 30, 2025

    Senior/Assisted Living Center Proposed in Maricopa

    May 30, 2025

    Scottsdale Establishes Transportation & Infrastructure Department

    May 30, 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.