Arizona

Hanley Investment Group Arranges $23M Sale of Mountain Ranch Marketplace in Goodyear, Arizona

by Amy Works January 20, 2026

GOODYEAR, ARIZ. — Hanley Investment Group Real Estate Advisors has arranged the $23 million sale of Mountain Ranch Marketplace, a 49,683-square-foot shopping center located in Goodyear, approximately 19 miles west of Phoenix. Originally built in 2009 on 12.4 acres, Mountain Ranch Marketplace was 94.6 percent occupied at the time of sale to tenants such as AutoZone, Starbucks, Papa John’s Pizza, Subway, Leslie’s Pool Supplies, Verizon, Edward Jones, North Star Animal Hospital, Oasis Bagels, T&T Martial Arts Academy and Great Clips. Tenants not included in the sale are Safeway, McDonald’s, Taco Bell, Walgreens and Chase Bank. Bill Asher, Jeremy McChesney and Lee Csenar of Hanley represented the buyer, Bershon Realty Co., in the transaction. Ryan Schubert, Michael Hackett and Zach Aulick of CBRE represented the seller and developer, Kitchell Development Co.

January 20, 2026

Acquisitions Arizona Retail Western

Tucson Newcrest Buys 62,750 SF Retail Space at Eastpoint Marketplace in Tucson, Arizona

by Amy Works January 20, 2026

TUCSON, ARIZ. — Tucson Newcrest has acquired 62,750 square feet of retail space at Eastpoint Marketplace, located at 6964-6970 E. 22nd St. in Tucson. Eastpoint Kolb Additional Investors LLC, JRSL LLC, Union Financial Management Services and JDW CAT 10 sold the asset for $12.8 million. Rob Tomlinson of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.

January 20, 2026

Acquisitions Arizona Net Lease Retail Western

Cushman & Wakefield Arranges $3.2M Sale of Dollar Tree-Occupied Retail Property in Glendale, Arizona

by Amy Works January 19, 2026

GLENDALE, ARIZ. — Cushman & Wakefield has brokered the sale of a single-tenant retail property located at 6773 W. Bell Road in Glendale. WM Grace Cos. sold the asset to Teakwood Norman LLC for $3.2 million. Dollar Tree occupies the 12,064-square-foot property, which was built in 2002, under a net-lease structure. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the transaction.

January 19, 2026

Acquisitions Arizona Multifamily Western

Bascom Group Acquires Value-Add Multifamily Community in Tucson for $53.4M

by Amy Works January 15, 2026

TUCSON, ARIZ. — Bascom Arizona Ventures, an affiliate of Irvine, Calif.-based The Bascom Group, has acquired The Retreat at Speedway in Tucson for $53.4 million via a value-add investment fund. The seller was Wiedner Apartment Homes. Institutional Property Advisors, a division of Marcus & Millichap, arranged the deal on behalf of Wiedner, as well as a loan from BrightSpire Capital Acquisitions LLC. Arizona-based property manager Bryten Real Estate Partners will manage the property. Built in 2001, the two-story Retreat at Speedway is comprised of one- and two-bedroom floor plans and amenities such as a pool, hot tub, fitness center and a clubhouse. Bascom is planning to renovate the amenity spaces and units.

January 15, 2026

Arizona Development Healthcare Western

Hammes, NOVO Begin Development of 34,000 SF Medical Office Building in Scottsdale, Arizona

by Amy Works January 14, 2026

SCOTTSDALE, ARIZ. — A partnership between Hammes and Phoenix-based NOVO Development has broken ground for construction of a 34,000-square-foot medical office building in Scottsdale. The property will serve as an anchor component of the new 43-acre Sierra Bloom mixed-use wellness campus. The building’s anchor tenant will be Arizona Sports Medicine Center (ASMC), which is part of Abrazo Medical Group, a division of Abrazo Health. Occupying a majority of the new space, ASMC will offer sports medicine, imaging and other advanced medical services designed to meet the growing healthcare needs of the Scottsdale community. The medical office building is slated for completion in third-quarter 2026, with a topping out ceremony scheduled for late March.

January 14, 2026

Arizona Loans Multifamily Western

PCCP Provides $84M Refinancing for 335-Unit Multifamily Property in Phoenix

by Amy Works January 7, 2026

PHOENIX — PCCP has provided an $84 million senior loan to Los Angeles-based Pacific Development Partners for the refinancing of Montreux, a 335-unit multifamily community in Phoenix. The three-building property was developed in 2019 and is approximately 89 percent leased. James Bach of CBRE arranged the financing. Montreux’s units are offered in one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a rooftop clubhouse, pickleball and tennis courts, a game room with a multi-sport simulator and parking.

January 7, 2026

Acquisitions Arizona Multifamily Seniors Housing Western

JLL Brokers Sale of 345-Unit Thunderbird Senior Living Community in Glendale, Arizona

by Amy Works January 6, 2026

GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Thunderbird Senior Living, a seniors housing community in Glendale. Terms of the transaction were not disclosed. JLL’s Seniors Housing Capital Markets team represented the undisclosed seller and procured the undisclosed buyer in the deal. Most recently renovated in 2018, Thunderbird Senior Living consists of 13 interconnected three-story buildings offering 285 independent living, 40 assisted living and 20 memory care units. All residences include a dedicated kitchen, private bathrooms and bedrooms. Community amenities include an art room, beauty salon/barber shop, bistro, game room, heated outdoor pool, library, living room/lounges, nature trails, sun decks and a theater. Stellar Senior Living will continue to operate the property, which is situated on 7.8 acres at 5401 W. Dailey St.

January 6, 2026

Acquisitions Arizona Industrial Western

Westfield Co., RGA ReCap Sell Fairway Commerce Center in Avondale, Arizona for $89.8M

by Amy Works January 5, 2026

AVONDALE, ARIZ. — Westfield Co. and RGA ReCap Inc., on behalf of RGA, have completed the sale of Fairway Commerce Center, a distribution facility located at 12250 W. Corporate Drive in Avondale. The United States Postal Service occupies the 450,260-square-foot property, which is situated on 26 acres, on a 10-year, triple-net lease. Completed in 2024, the cross-dock facility features a clear height of 40 feet, 13,800 amps of power, complete climate control, 83 dock-high loading positions and secured truck courts. Ben Geelan, Greer Oliver, Bryce Beecher and Gigi Martin of JLL Capital Markets represented the seller in the transaction.

January 5, 2026

Acquisitions Arizona Office Western

Rocket Lister Purchases Office Building in Tempe, Arizona for $5.7M

by Amy Works December 19, 2025

TEMPE, ARIZ. — Home photographer Rocket Lister has acquired a two-story office building, located at 4625 S. Wendler Drive in Tempe, from Batch Leads for $5.7 million. Rocket Lister will use a portion of the 46,804-square-foot building for its headquarters and lease the remaining space. Kurt Kerner and Connor Maloney of Kidder Matthews represented Rocket Lister in the transaction and will manage leasing of the property.

December 19, 2025

Acquisitions Arizona Retail Western

Time Equities Acquires Cactus Plaza Retail Property in Glendale, Arizona for $4.5M

by Amy Works December 19, 2025

GLENDALE, ARIZ. — New York City-based Time Equities Inc. (TEI) has acquired Cactus Plaza, a 25,620-square-foot neighborhood shopping center in Glendale, roughly nine miles northwest of downtown Phoenix near the Arizona State University West Valley campus. Built in 1985, the center was 93 percent leased to a mix of restaurant, beauty and service-oriented tenants at the time of sale. Cactus Plaza marks the second retail property that TEI has acquired in the state. Ami Ziff, Jonathan Kim and Grant Scott internally represented TEI in the transaction. Chase Dorsett of Newmark represented the seller.

December 19, 2025

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