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TEMPE AND CHANDLER, ARIZ. — Phoenix-based Biltmore Holdings has acquired a five-property, 515,722-square-foot flex-industrial portfolio in Tempe and Chandler from Phoenix-based DMC Investment Group for $55.5 million. The portfolio includes Kyrene Commerce Center in Tempe, which sold for $12.6 million; the $9.3 million Tempe Commerce Center in Tempe; Ocotillo Business Center in Tempe, which sold for $11.8 million; the $8.3 million Chandler Tech Center in Chandler; and the $13.5 million ADP Building in Chandler. Bob Buckley, Tracy Cartledge and Steve Lindley of Grubb & Ellis|BRE Commercial represented both parties in the transaction.