Arizona

Partners Group, ViaWest Group Receive $122M in Financing for Industrial Campus Near Phoenix

by Amy Works June 23, 2026

GLENDALE, ARIZ. — Partners Group and ViaWest Group have received $122 million in bridge financing for The Base, a newly constructed industrial campus located in Glendale. Kevin MacKenzie, Jason Carlos, Lilley Kroll and Ross Jorgenson of JLL arranged the financing through Pacific Life Insurance Co. Partners Group and ViaWest Group own The Base through a joint venture, in which Partners Group holds a majority stake. Situated at the northwest corner of Litchfield and Bethany Home roads, The Base features seven buildings totaling 1.2 million square feet. The buildings feature 32- to 36-foot clear heights, “heavy” power capabilities ranging from 3,000 to 6,000 amps, ESFR sprinkler systems and R-38 roof insulation. The campus is designed with “optimal” truck circulation, accommodating 222 dock-high doors, 39 grade-level doors, 105 trailer parking spaces and 1,363 automobile parking spaces. Additionally, the property offers operational flexibility with the ability to accommodate single or multi-tenant configurations across varying suites sizes. Construction of all buildings and make-ready tenant improvements was completed in early 2026.

June 23, 2026

Acquisitions Arizona Multifamily Western

Alliance Residential Divests of 258-Unit Multifamily Property in Phoenix

by Amy Works June 23, 2026

PHOENIX — Scottsdale, Ariz.-based Alliance Residential has sold Broadstone Seventh Street, a 258-unit multifamily property in north central Phoenix, to a leading global investor for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Completed in 2024, Broadstone Seventh Street features studio, one- and two-bedroom floor plans with 9- and 10-foot ceilings, wood-style flooring, in-unit washers and dryers, quartz countertops, illuminated vanity mirrors and SmartRent Home technology. Community amenities include a residential clubhouse with an kitchen and billiards, a two-story fitness center, a resort-style pool and spa with private cabanas, barbecue grills and an outdoor ramada.

June 23, 2026

Arizona Loans Retail Western

Gantry Arranges $38M Loan for Refinancing of 224,000 SF Shopping Center in Metro Phoenix

by Amy Works June 22, 2026

MESA, ARIZ. — Gantry has arranged a $38 million permanent loan for the refinancing of Mesa Grand, a 224,000-square-foot regional power center located in Mesa, roughly 19 miles east of Phoenix. Tenants at the center include Famous Footwear, Burlington Coat Factory, Michaels, Dollar Tree, Texas Roadhouse, Starbucks Coffee, Chili’s and Crunch Fitness, which will open soon. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private investor. An institutional balance sheet lender provided the five-year, fixed-rate loan, which features full-term interest-only payments with cash-out proceeds. Gantry will act as subservicer for the lender.

June 22, 2026

Acquisitions Arizona Healthcare Western

Transwestern Investments Sells 93,262 SF Medical Outpatient Facility in Gilbert, Arizona

by Amy Works June 19, 2026

GILBERT, ARIZ. — Transwestern Investments has sold Copper Point, a 93,262-square-foot medical outpatient property in Gilbert. Terms of the transaction were not released. Transwestern purchased the asset in April 2025 through a joint venture with RX Health & Science Trust. During ownership, the partnership brought the building to full occupancy and completed capital improvements. Located at 3530 S. Val Vista Drive, Copper Point is anchored by City of Hope and houses healthcare providers such as Prosano Health, an affiliate of Blue Cross Blue Shield of Arizona, and Phoenix Children’s Hospital. Built in 2008, Copper Point is adjacent to Dignity Health’s Mercy Gilbert Medical Center, a 418-bed, full-service hospital located at the intersection of South Val Vista Drive and Highway 202.

June 19, 2026

Acquisitions Arizona Development Industrial Western

Scannell Properties Buys 129 Acres in Buckeye, Arizona for Development of Summit Logistics Center

by Amy Works June 18, 2026

BUCKEYE, ARIZ. — Scannell Properties has acquired 129 acres at the northwest corner of Southern Avenue and Rooks Road in Buckeye from Scottsdale-based Arizona Land Consulting for the development of Summit Logistics Center. The sales price was $32.5 million. Mike Haenel, Andy Markham, Phil Haenel, Foster Bundy, Justin Smith and Jordan Sims of Cushman & Wakefield represented the buyer and seller in the transaction. Brian Lee of Cushman & Wakefield also represented the seller. Scannell Properties plans to break ground on Phase I of the project in the third quarter. The first phase will comprise a 1.1 million-square-foot industrial facility designed for large-scale logistics and distribution users. The building will feature 40-foot clear heights, 3,500 square feet of office space, 240 dock-high doors and four ground-level doors.

June 18, 2026

Acquisitions Arizona Multifamily Seniors Housing Western

LTC Acquires Assisted Living, Memory Care Community in Phoenix for $54M

by Amy Works June 17, 2026

PHOENIX — LTC Properties has acquired MorningStar at Arcadia, an assisted living and memory care community located in Phoenix, for $54 million. The community is being added to LTC’s seniors housing operating portfolio (SHOP). MorningStar will continue to operate the property, which totals 104 units, on behalf of LTC. LTC launched its SHOP platform in May 2025. “Since our platform launch, we have partnered with 11 SHOP operating partners, nine new to LTC,” says Michael Bowden, senior vice president of investments at LTC. “We continue to build our acquisition pipeline with a healthy volume of potential SHOP acquisitions, supporting our strategy to position LTC for higher intrinsic growth.”

June 17, 2026

Acquisitions Arizona Industrial Western

CRG Sells Industrial Building at 1.2 MSF Cubes at Mesa Gateway in Arizona

by Amy Works June 15, 2026

MESA, ARIZ. — CRG has completed the sale of Building C at The Cubes at Mesa Gateway, a 1.2 million-square-foot master-planned industrial park in Mesa. Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the CRG in the transaction and procured the buyer, an undisclosed global alternative asset manager. Terms of the transaction were not disclosed. Located at 7111 S. Crismon Road, Building C sits on 268 acres and features state-of-the-art industrial space built to suit for an investment-grade tenant. The facility offers proximity to Phoenix-Mesa Gateway Airport, near-immediate access to Loop 202 and close connectivity to State Route 24.

June 15, 2026

Acquisitions Arizona Retail Western

JLL Negotiates $53.8M Sale of Grocery-Anchored Retail Center Near Tucson

by Amy Works June 15, 2026

ORO VALLEY, ARIZ. — JLL Capital Markets has negotiated the $53.8 million sale of Oracle Crossing, a 265,530-square-foot retail center located in Oro Valley, approximately six miles northwest of Tucson. Patrick Dempsey and Ross Jorgensen of JLL represented the sellers, entities doing business as Oracle Crossings LLC and Oracle and Magee LLC, in the transaction. The buyers were two entities doing business as Oracle Station LLC and Oracle Station I LLC. Built in 2006, Oracle Station spans 30 acres and is anchored by Sprouts Farmers Market. Other tenants at the center, which was 96 percent leased at the time of sale, include Kohl’s, El Charro Café, Pacific Dental, Dunkin’ Donuts, Carbon Health, Brake Max, O’Reilly Auto Parts and Smashburger. The property also features eight separate outparcels.

June 15, 2026

Acquisitions Arizona Industrial Western

Cushman & Wakefield | PICOR Brokers Sale of 19,464 SF Industrial Building in Tucson

by Amy Works June 15, 2026

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of a 19,464-square-foot industrial property located at 451 N. Bonita Ave. in Tucson. An entity doing business as EAW-451 LLC sold the property to Brickyard Investments LP for $2.8 million. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the seller in the deal, while Pat Welchert of Alpha Commercial Real Estate Services represented the buyer.

June 15, 2026

Acquisitions Arizona Multifamily Western

Quarterra Sells 290-Unit Multifamily Community in Scottsdale to MacNaughton

by Amy Works June 12, 2026

SCOTTSDALE, ARIZ. — Quarterra has completed the sale of Residences Kierland, a 290-unit apartment property in North Scottsdale, to MacNaughton for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Bruce Francis, Doug Birrell, Bob Ybarra, Shaun Moothart and Nick Santangelo of CBRE’s Debt & Structured Finance arranged the debt financing on behalf of the buyer. Completed in 2022, Residences Kierland features one- and two-bedroom floor plans with gourmet kitchens with quartz countertops, a GE Café appliance package, wine fridges, vinyl plank flooring, illuminated bathroom mirrors and smart lock keyless entry systems. Additionally, the property features seven two-story townhomes, each averaging 2,000 square feet, with direct access and a two-car garage. Community amenities include an elevated pool deck with private cabanas, bike room, pet spa with a full washing station, electric car chargers, 24-hour fitness center and a yoga studio. Residences Kierland also features The Retreat, a full-service spa. The Retreat includes heated lounges for relaxation, a nail salon, individual massage rooms, a sauna and steam room with aroma-infused oils, cool-mist room, salt therapy room and hot and cool pools in a secluded outdoor space.

June 12, 2026

Newer Posts

Older Posts