TUCSON, ARIZ. — Trade Winds Properties LLC has purchased 13,602 square feet of office condos within St. Mary’s Medical Plaza II, located at 1704 W. Anklam Road in Tucson. NWI St. Mary Medical Plaza Holdco LLC sold the assets for $1.8 million. Thomas Nieman and Bryce Horner of Cushman & Wakefield | PICOR represented the seller, while Timothy Redelsperger of Long Realty Uptown represented the buyer in the deal.
MESA, ARIZ. — Salt Lake City-based Millburn & Co. has acquired Ascend at Longbow Highpoint, a multifamily property in Mesa, from D.R. Horton for an undisclosed price. Matt Pesch, Asher Gunter and Austin Groen of CBRE represented the seller in the transaction. CBRE’s Debt & Structured Finance team arranged financing for the buyer. Completed in 2025, the community features 339 apartments situated along the Longbow Golf Club. Residences include hardwood-style flooring, granite countertops, energy-efficient windows, smart thermostats, full-size washers/dryers, stainless steel appliances and patios or balconies. Ascend at Longbow Highpoint in Mesa, Ariz., features 339 apartments, a swimming pool, conference rooms, pet amenities and a resident clubhouse. Community amenities include a resort-style pool deck with golf course views, a covered outdoor kitchen and barbecue pavilion, a resident clubhouse with lounge areas, a community kitchen, conference rooms and coworking spaces. Additional amenities include outdoor gathering areas, electric vehicle charging, pet amenities, package lockers and a walking trail with direct access to the golf course.
BUCKEYE, ARIZ. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix. The first wave of tenants includes Buckle, Ulta Beauty, Target, Bath & Body Works, Famous Footwear, Marshalls and HomeGoods. Target, which spans 148,000 square feet, will be the first anchor tenant to open at Verrado Marketplace on May 17. The next wave of tenants will debut in June, including Einstein Bros. Bagels, Elite Shutters & Blinds, Great Clips, Pacific Dental Services, NextCare Urgent Care, Paramount Hair Extensions and CityVet, followed by Ross Dress for Less in mid-July. Verrado Marketplace is projected to be fully open by January 2027 and will comprise more than 55 retailers, chef-driven restaurants and eateries, service-based tenants and the Harkins BackLot entertainment experience.
PHOENIX — Gantry has secured a $22 million permanent loan to refinance maturing debt on a single-tenant industrial building located at 6600 W. Latham St. in Phoenix. Situated on 23.3 acres, the 437,000-square-foot property is currently used as both a showroom and warehouse facility for Living Spaces. Tim Storey and Chad Metzger of Gantry’s Phoenix production office represented the borrower, a private real estate investor. The five-year, fixed-rate loan was provided by a life company lender from Gantry’s exclusive network of correspondents and affiliates, featuring a full-term interest-only payment schedule.
QUEEN CREEK, ARIZ. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Queen Creek, roughly 40 miles southeast of Phoenix. Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction is expected to be underway by June. Upon completion, Mojave Sage will total 117 assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store.
TEMPE, ARIZ. — Lincoln Property Co. has broken ground on Sky Harbor Logistics, an office-to-industrial conversion project in Tempe. Located at 1515 W. 14th St., the development will bring two Class A logistics buildings to the Phoenix Sky Harbor International Airport submarket. Lincoln has been active on the Sky Harbor Logistics site since 2024, managing the demolition of an almost 220,000-square-foot office building and parking garage to make the parcel shovel-ready. The infill site was originally developed as an industrial property in 1977 and converted to office use in 2018. Upon completion in spring 2027, the 16.25-acre Sky Harbor Logistics will feature a 128,105-square-foot Building A and a 127,661-square-foot Building B. Each building will offer a clear height of 32 feet, 3,600 amps of power, 44 dock doors, four drive-in doors and 266 parking spaces, as well as a shared 190-foot truck court. The facilities will also feature ESFR sprinklers, LED lighting and clerestory windows. Designed for single- or multi-tenant use, both buildings are divisible to 32,000 square feet, with multiple architectural entries and two 1,592-square-foot office spec suites per building and HVAC installed. The project team includes Butler Design Group as project architect and Willmeng as general contractor. Lincoln will …
PHOENIX — Cica-Huntek Chemical Technology USA Corp. has acquired a freestanding industrial building, located at 1654 W. Knudsen Drive in Phoenix, from AMDVI LLC for $8 million. Michael Kitlica and John Pompey of Cushman & Wakefield represented the buyer in the deal. The site includes a 25,880-square-foot industrial building on 1.5 acres of land. Cica-Huntek will use the property to expand its U.S. operations and strengthen its ability to serve the rapidly growing semiconductor ecosystem in North Phoenix, including Taiwan Semiconductor Manufacturing Co. (TSMC). The property offers a functional industrial layout well-suited for manufacturing, assembly and distribution operations. The asset’s location provides convenient access to major transportation routes and places Cica-Huntek within a rapid expanding cluster of semiconductor and advanced manufacturing companies.
TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of River Oaks, a 300-unit multifamily property located on Boardway Boulevard in East Tucson. Terms of the transaction were not disclosed. IPA’s Clint Wadlund and Hamid Panahi represented the seller and procured the buyer. Built in 1982 on 10 acres, River Oaks features a mix of studio, one- and two-bedroom apartments. Community amenities include a standalone clubhouse, two pools, a playground and three laundry facilities.
QUEEN CREEK, ARIZ. — Phoenix Commercial Advisors has facilitated the off-market sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center in Queen Creek. The property sold for $13.5 million, or $656.83 per square foot. Built in 2022, the 20,325-square-foot asset was fully leased at the time of sale. The asset is located at the northwest corner of Ellsworth and Riggs roads. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller. The name of the buyer was not released. The sale of Pecan Plaza Shops marks the final piece of the center sold as part of the seller’s breakup strategy, which was executed in full by Phoenix Commercial Advisors.
MESA, ARIZ. — Stoneweg has completed the disposition of Avenue 8, a garden-style multifamily property in Mesa. Rise48 Equity acquired the asset for an undisclosed price. Brett Polachek, Chris Chanter and Brad Goff of Newmark represented the seller in the transaction. Located at 1050 W. 8th Ave., Avenue 8 features 194 open-concept, two-bedroom/two-bath apartments averaging 1,000 square feet in size. All units include in-unit washers/dryers, private patios or balconies and abundant storage. Community amenities include a resort-style swimming pool and spa, fitness center, pet park and covered parking.
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