Arizona

Creation Delivers $250M Park Algodon Industrial, Mixed-Use Development in Phoenix

by Amy Works March 26, 2026

PHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix. Spanning 86 acres, Park Algodon includes 1.3 million square feet of Class A industrial space and an adjacent 7-acre mixed-use destination with retail and restaurant space. The first phase of the industrial portion of Park Algodon was developed in partnership with Clarion Partners. The two-phase speculative industrial project includes four buildings, totaling 725,000 square feet, designed to accommodate tenants ranging from 30,000 square feet to 317,000 square feet. The industrial buildings offers 32-foot to 40-foot minimum clear heights, ample power and abundant employee parking. The second phase is permit-approved for a single 556,000-square-foot building. Separate from the joint venture, Creation developed The Shops at Park Algodon, a 14,000-square-foot restaurant and retail space. Buildings A and B will be delivered to tenants within the next 30 days. Confirmed tenants include Einstein Bros. Bagels, Chipotle, Luna Grill and Zara Nail Bar. LGE Design Build provided architectural and construction services for the project. Andy Markham and Phil Haenel of Cushman & Wakefield are handling leasing for the industrial component, while Matt Milinovich and James …

March 26, 2026

Arizona Industrial Leasing Activity Western

Lincoln Property Co. Signs Tenant for 629,835 SF Industrial Lease at Park303 in Glendale, Arizona

by Amy Works March 26, 2026

GLENDALE, ARIZ. — Lincoln Property Co. has announced that a global third-party logistics provider has signed a full-building, 629,835-square-foot lease at the 3.75 million-square-foot Park303 in Glendale. The new tenant will lease all of the Park303 Building A and use the space to service a Fortune 250 client. The transaction brings the 210-acre, LEED-certified industrial project to fully leased. Located along the Loop 303 in Glendale Avenue, Park303 includes a 1.25 million-square-foot, single building Phase 1 and a 2.5 million-square-foot, three-building Phase 2. The buildings feature 40-foot clear heights, 25-foot-tall glass entries and up to 12,000 amps of power. Phase 1 is fully occupied under a long-term lease by Walmart and was purchased by BentallGreenOak in 2021 for $186 million. The fully leased Phase 2 includes Logisticus Group LLC occupying the entire 483,000-square-foot Building B and DollarTree occupying Building C, which the company acquired in October 2025 for $147 million. Park303 features speculative office space, an outdoor pickleball and basketball court and an outdoor entertainment area with barbecues, overhead fans and seating.

March 26, 2026

Arizona Development Multifamily Western

Ascent Cos., Merit Partners Open 286-Unit Multifamily Community in Avondale, Arizona

by Amy Works March 25, 2026

AVONDALE, ARIZ. — Ascent Cos. and Merit Partners have opened The Stately Avondale, an apartment property located at 12375 W. Van Buren St. in Avondale. Bryten Real Estate Partners is providing management services for the property. The Stately Avondale features 286 one-, two- and three-bedroom residences with custom finishes and upscale details. Units feature stainless steel appliances, marble-like quartz countertops, tile backsplashes, full-size Wi-Fi-enabled washers/dryers, Nest smart thermostats, USB-C kitchen outlets, blackout roller shades and luxury vinyl plank flooring. Onsite amenities include a resort-style pool and spa with lounges and cabanas, pickleball courts, two dog parks with wash station, mini mart and a 24/7 fitness center. Additional amenities include private garages with electric vehicle charging ports, coworking stations, outdoor entertainment spaces with grills and fireplaces and mobile app-controlled access for seamless conveniences.

March 25, 2026

Acquisitions Arizona Mixed-Use Office Retail Western

Cushman & Wakefield | PICOR Brokers Sale of 15,023 SF Mixed-Use Property in Tucson

by Amy Works March 24, 2026

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of Harrison Professional Plaza, a mixed-use building at 1020 S. Harrison Road in Tucson. RGR16 LLC purchased the asset from BSH Investments LLC for $2 million. The property features 15,023 square feet of retail and office space. Bryce Horner of Cushman & Wakefield | PICOR represented the seller in the deal.

March 24, 2026

Acquisitions Arizona Multifamily Western

Neighborhood Ventures Acquires 86-Unit Multifamily Community in Uptown Phoenix

by Amy Works March 23, 2026

PHOENIX — Neighborhood Ventures has purchased Venture on 16th, an 86-unit apartment property in the Biltmore District of Uptown Phoenix, from an undisclosed seller for $19.5 million. Venture on 16th features two-, three- and four-bedroom apartments, a resort-style pool with glass fencing, a clubhouse and fully equipped fitness center. Neighborhood Ventures plans to stabilize the property with long-term financing and align rents with market levels.

March 23, 2026

Acquisitions Arizona Healthcare Western

Woodside Health Buys 29,827 SF Healthcare Facility in Gilbert, Arizona

by Amy Works March 18, 2026

GILBERT, ARIZ. — Woodside Health has purchased Greenfield MOB & ASC, a medical outpatient building (MOB) and ambulatory surgery center (ASC) at 2450 E. Guadalupe Road in Gilbert. Terms of the transaction were not disclosed. Constructed in 2005, Greenfield MOB & ASC is a 29,827-square-foot, single-story, multi-tenant facility. Mountain View Surgery Center Gilbert, a partnership between the physician owners and United Surgical Partners International, anchors the property with a newly executed extension featuring three operating rooms. The remaining tenancy is leased to eight tenants offering diverse services, including podiatry, periodontics, mental and behavioral health, ophthalmology, dentistry, pediatric therapy, pharmaceuticals, vascular and medical spa services. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Phil Wurth of CBRE’s Phoenix Healthcare Leasing team to represent the undisclosed seller in the deal.

March 18, 2026

Acquisitions Arizona Multifamily Western

Hamilton Zanze Sells Tresa at Arrowhead Apartments in Glendale, Arizona for $82.1M

by Amy Works March 17, 2026

GLENDALE, ARIZ. — San Francisco-based Hamilton Zanze has completed the disposition of Tresa at Arrowhead, a multifamily community in Glendale. TerraCap Management acquired the asset for $82.1 million. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal. CBRE Debt & Structured arranged financing for the buyer. Completed in 1998, the low-density garden site plan features two-story buildings offering a total of 360 apartments. The gated community has 107 detached garages, three pool and spa areas, a large resident clubhouse and game room, a fitness center with cardio and weight training equipment, a dog park, barbecue and picnic areas and a dry sauna.

March 17, 2026

Acquisitions Arizona Office Western

CBRE Arranges $11.2M Sale of Arizona Veterinary Specialty Center in Gilbert

by Amy Works March 16, 2026

GILBERT, ARIZ. — CBRE has arranged the acquisition of Arizona Veterinary Specialty Center, a veterinary speciality and emergency care facility in Gilbert. Futurepath Development Services acquired the asset for $11.2 million. Located at 86 W. Juniper Ave., the property offers 28,805 square feet of space. The asset is 68 percent occupied by Arizona Veterinary Emergency & Critical Care Center, a National Veterinary Associates and Ethos Veterinary Health company, and Thrive Pet Healthcare. Nick Whitstone and Miles DeLong of CBRE represented the buyer in the deal.

March 16, 2026

Acquisitions Arizona Multifamily Western

Marcus & Millichap Negotiates $11.1M Sale of Copper Creek Apartments in Tucson

by Amy Works March 16, 2026

TUCSON, ARIZ. — Marcus & Millichap has negotiated the sale of Copper Creek, a 99-unit multifamily property in Tucson. A limited liability company sold the asset to a limited liability company for $11.1 million, or $111,869 per unit. Clint Wadlund and Hamid Panahi of Marcus & Millichap represented the seller and procured the buyer in the deal. Built in 1973, Copper Creek offers 99 one-, two- and three-bedroom apartments in traditional and townhome-style options. Units feature fully equipped kitchens with frost-free refrigerators, stoves and dishwashers; ample closet space; windows with sunscreens; wood-style vinyl plank flooring in living areas; ceramic tile in wet areas; and carpet in bedrooms. Select units include a yard, washers/dryers and/or washer/dryer connections. Community amenities include a swimming pool, fully equipped fitness center, basketball courts, clubhouse with a Wi-Fi business center, playground, barbecue areas and laundry facilities.

March 16, 2026

Acquisitions Arizona Office Western

Southwest Autism Research Buys 10,628 SF Office Building in Tucson

by Amy Works March 16, 2026

TUCSON, ARIZ. — Southwest Autism Research & Resource Center has purchased a freestanding office building, located at 3100 N. Campbell Ave. in Tucson, from Siempre Juntos for $2.1 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller in the deal.

March 16, 2026

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