Sales Transactionsย
1. The Carlyle Groupย purchased four olderย Mesa mobile home parksย for a total of $230M. Carlyle, through itsย Delaware CPI LLC, purchased these parks:ย
- Citrus Gardensย at 4065 E. University Drive for $80M.ย
- El Mirageย at 305 S. Val Vista Drive for $60M.ย
- Mesa Shadowsย at 317 S. Higley Road for $46M.ย
- Aspenwoodย at 245 S. 56th Street for $44M.ย
2. Cush Enterprisesย purchased theย Perimeter Parkview Corporate Center, a two-story, 105KSF Class A office asset at 8377 E. Hartford Drive, Scottsdale, for $30M. Chrisย Toci, Chad Littell, Tim Whittemore, Greg Mayer, and Patrickย Schrimscherย ofย Cushman and Wakefieldโs Phoenix office represented the seller,ย The Roxborough Group.ย
3. An international investor paid $22M for a 280-unit apartment complex in Phoenix. The transaction was handled by Sheila Hunter, Vice President and Senior Commercial Escrow Officer, in Thomas Title & Escrowโs Scottsdale office.ย
4. Harrison Propertiesย purchased 10-building portfolio totaling approximately 357.9KSF of Class B and C industrial space in Phoenix for $18M, fromย Hibernia Capital Advisors, LLC. Donย MacWilliamย and Paysonย MacWilliamย ofย Colliers International in Arizonaย negotiated the transaction.ย
5. A California-based private investor purchased The Collective Sedona, a six-building, 52.5KSF shopping center at 7000 AZ-179, Sedona, for $11.7M.ย SRS Real Estate Partnersโ National Net Lease Group Vice President Sean Thomas represented the seller, an Arizona-based private investor. The buyer was represented by Jim Ashcraft ofย Ashcraft Investment Company, Inc.ย
6. A fund managed by a Chicago-based investment management firm purchased a 61.3KSF single-tenant office building at 16212 N. 28th Avenue, Phoenix, for $7.65M. Barry Gabel, Chris Marchildon and Will Mast of CBREย in Phoenix represented the seller,ย Merit Properties Group.ย
7. A California-based private investment firm purchased Modern Retro Living, a 23-unit garden-style property at 2122 E. Fairmount Avenue, Phoenix, for $4.47M.ย ABIย Multifamilyโsย Carsonย Griesemer, Dallin Hammond, and Mitchell Drake represented the seller, a Washington State-based private investor.ย
8. Vico Partners, LLCย purchased a 5.6KSF single-tenant retail property triple-net leased toย Wilhelm Automotiveย at 15275 N. 35th Avenue, Phoenix, for $2.69M. Joseph R. Compagno, R. Max Bippus, and Benjamin Farthing ofย CBRE‘s Net Lease Property Group in Phoenix represented the seller,ย Evergreen Devco, Inc. Dylan Brown and Andrew Fosberg of CBRE in Phoenix, and California-Based Chris Vanย Keulenย of CBRE, represented the buyer.ย
9. New Era Holding, LLCย purchased a 2.4KSF, newly constructed single-tenant retail property leased toย Starbucksย at 5905 W. Olive Avenue, Glendale, for $2.66M. Andrew K. Fosberg, Christopherย Ackelย and Dylan A. Brown ofย CBREย in Phoenix represented the seller,ย SimonCREย Robert, LLC, an entity formed byย SimonCRE. The buyer was represented by Samir Sawhney ofย XCD Realty & Property Management.ย
10. Midwest Land Trustย purchased a 35-acres development site at El Mirage Road and Northern Avenue in Maricopa County for $2.6M.ย SMT Investors Limited Partnershipย was the seller.ย Kidder Mathewsย land broker, Brian Rosella, represented the buyer.ย
Lease Transactionsย
11. NAI Horizonโsย Isyย Sonabendย represented the landlord,ย City of Phoenix/Aviation, in a 24-month land lease for 1.60 acres at 149 S. 27th Street, Phoenix. The tenant,ย Sandhill Management, was self-represented.ย ย ย
12. NAI Horizonโs Markย Wilckeย and Dylanย Whitwerย represented the landlord,ย ICC Tempe, LLCย in a 24-month industrial lease for 11.3KSF at 2415 W. Erie Drive, Tempe. The tenant,ย Dynamic Water Technologies, LLCย was self-represented.ย ย ย