Arizona

Creation Breaks Ground on Two-Building Harbor Park Industrial Complex in Glendale, Arizona

by Amy Works October 9, 2025

GLENDALE, ARIZ. — Creation, in partnership with QuarterMoore, has broken ground on Harbor Park, a two-building industrial complex on 9.7 acres in Glendale. Located on Glen Harbor Boulevard within the Glen Harbor industrial submarket, Harbor Park will feature two single-story industrial buildings totaling 163,364 square feet. Completion is slated for third-quarter 2026. One building is being constructed as a 108,865-square-foot build-to-suit for PODS Phoenix, a local franchise division of PODS Moving & Storage. The second building will offer 54,499 square feet of speculative industrial space with a clear height of 24 feet, 25 dock-high doors, four grade-level doors and 106 parking spaces. The asset is already 67 percent leased to PODS Phoenix, with the second building available for lease or purchase. LGE Design Build is spearheading the construction and design of Harbor Park. Anthony Lydon, John Lydon, Kelly Royle and Hagen Hyatt of JLL are handling leasing efforts for the property.

October 9, 2025

Acquisitions Arizona Industrial Western

Stos Partners Acquires 20,850 SF Infill Warehouse in Central Phoenix

by Amy Works October 9, 2025

PHOENIX — Stos Partners has purchased an infill industrial warehouse, located at 1746-1748 W. Fillmore St. in Phoenix, from a private seller for $2.9 million. The 20,850-square-foot property features 20-foot clear heights, secured yard space and flexible layouts suitable for one or two tenants. Additionally, the asset offers dual options, with two grade-level and two dock-high doors. Stos Partners plans to implement a capital improvements program that includes roof repairs, parking lot resurfacing, HVAC system upgrades, drought-tolerant landscaping, approximately 2,000 square feet of new speculative office space and comprehensive exterior and interior modernizations, including interior and exterior paint and lighting upgrades. Chris Reese of Colliers represented Stos Partners, while Jim Wilson and Garrett Wilson of Cushman & Wakefield represented the seller in the off-market transaction.

October 9, 2025

Arizona Development Industrial Western

TCC Breaks Ground on 1.1 MSF West 101 Logistics Center in Phoenix

by Amy Works October 8, 2025

PHOENIX — Trammell Crow Co. (TCC) has broken ground on West 101 Logistics Center, a 1.1 million-square-foot industrial development in Phoenix. The five-building speculative project is slated for completion by summer 2026. Located at the southeast corner of Arizona State Route 101 and East Indian School Road, West 101 Logistics Center will include: All five buildings will include abundant auto parking and power, speculative office space, LED lighting, oversized end-cap grade-level doors, full HVAC implementation and freeway-fronting signage opportunities. Building 3 will feature a clear height of 36 feet, while the others will include a clear height of 32 feet. La Caisse (formerly CDPQ) is providing project debt. CBRE will lead marketing and leasing efforts for the entire development.

October 8, 2025

Acquisitions Arizona Multifamily Western

29th Street Capital Acquires 148-Unit Apartment Building in North Phoenix

by Amy Works October 7, 2025

PHOENIX — Chicago-based multifamily investment firm 29th Street Capital has acquired Urban 148 in Phoenix. The 148-unit property will be rebranded as Agave Ridge Apartments, and 29th Street Living will handle property management. According to Apartments.com, the community offers two- and three-bedroom floor plans at monthly asking rents ranging from $1,425 to $1,655 and amenities such as a pool, playground, courtyard and dog park. The seller and sales price were not disclosed.

October 7, 2025

Arizona Development Hospitality Leasing Activity Mixed-Use Retail Top Stories Western

Partnership Announces Costco, Marriott Hotels Coming to $7B Halo Vista Development in Phoenix

by John Nelson October 7, 2025

PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus. The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista. “Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC. The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State …

October 7, 2025

Acquisitions Arizona Industrial Western

FD Stonewater Acquires 326,474 SF Industrial Facility in Yuma, Arizona

by Amy Works October 6, 2025

YUMA, ARIZ. — FD Stonewater’s STAR Evergreen Fund has purchased Alside Manufacturing and Distribution Center in Yuma for an undisclosed price. The asset was acquired through the STAR Fund’s UPREIT structure, providing original investors the opportunity to receive OP Units allowing for a tax-deferred transaction. Associated Materials fully occupies the 326,474-square-foot property, which was purpose-built for the tenant in 2005.

October 6, 2025

Acquisitions Arizona Multifamily Western

Rise48 Equity Buys 154-Unit Multifamily Community in Mesa, Arizona

by Amy Works October 3, 2025

MESA, ARIZ. — Rise48 Equity has expanded its Arizona footprint with the purchase of a 154-unit apartment property in Mesa. Terms of the transaction were not released. Rise48 Equity will rebrand the property, formerly known as Emparrado Apartments, as Rise Mountain Ridge. The company plans to renovate all of the units to its Diamond and Gold finish levels. Upgrades will include new stainless steel appliances, vinyl plank flooring, white Shaker cabinet doors, resurfaced countertops and modern plumbing and lighting fixtures. Additionally, 39 percent of the units (60 units) will receive in-unit washers and dryers. Rise48 will also implement exterior improvements, including updates to landscaping, pool and amenity spaces, signage and community branding.

October 3, 2025

Acquisitions Arizona Industrial Western

JLL Brokers Sale of Two-Building Industrial Portfolio in Phoenix

by Amy Works October 3, 2025

PHOENIX — JLL Capital Markets has arranged the sale of Marigold Two-Pack, a two-building, 237,765-square-foot industrial portfolio in metro Phoenix. An Ares Real Estate fund acquired the asset for an undisclosed price. Ares Industrial Management will manage the portfolio, which consists of a 100,000-square-foot property in the Southwest Valley submarket and a 137,765-square-foot asset in the Airport Area submarket. The buildings offer secured and gated yards, 22- to 30-foot clear heights, ample dock-high and grade-level loading, excess parking and low office build-out. At the time of sale, the assets were fully leased to six tenants. Ben Geelan and Greer Oliver of JLL represented the undisclosed seller in the transaction.

October 3, 2025

Arizona Hospitality Loans Western

Concord Summit Capital Secures $12.2M Construction Loan for ECHO Suites Hotel in Chandler, Arizona

by Amy Works October 3, 2025

CHANDLER, ARIZ. — Concord Summit Capital has arranged a $12.2 million construction loan for the development of ECHO Suites Extended Stay by Wyndham at Chandler Airport Center. The borrower is Richmond, Va.-based The Sandpiper Group of Cos., which is expanding its brand across the western United States. Located in Chandler, the four-story project will offer 124 guest rooms. ECHO Suites has nearly 270 hotels in its pipeline nationwide. Robert Horton, John Choi and Connor Martz of Concord Summit structured the financing for the borrower, which is a repeat client. Last year, Concord Summit secured financing for the client for an ECHO Suites project in Peoria, Ariz.

October 3, 2025

Acquisitions Arizona Industrial Western

Dollar Tree Enters Metro Phoenix Industrial Market with 1.3 MSF Acquisition from Lincoln

by Amy Works October 2, 2025

GLENDALE, ARIZ. — Lincoln Property Co. has completed the sale of a 1.25 million-square-foot industrial building in Glendale, Ariz., to Dollar Tree for $147.1 million. Park303 totals 210 acres and 3.75 million square feet of industrial space. Built in two phases, Park303 features a 1.25 million-square-foot single-building Phase 1 and a 2.5 million-square-foot, three-building Phase 2. Dollar Tree purchased Park303 Phase 2 Building C to establish the company’s first regional distribution facility in the metro Phoenix market. Dollar Tree currently operates more than 9,000 stores and 18 distribution centers, employing approximately 150,000 associates across the United States and Canada. All Park303 Phase 2 buildings are LEED-certified and Foreign Trade Zone capable with 40-foot clear heights, 25-foot tall glass entries, up to 12,000 amps of power, 7-inch slab over 4-inch crushed rock and steel moment frame shear bracing supporting automated racking and picking equipment. Together the buildings offer 430 dock doors, 778 trailer stalls and more than 1,556 parking stalls. Park303 amenities include speculative office space, an outdoor pickleball and basketball court and an outdoor entertainment area with barbecues, overhead fans and seating. Lincoln serves as the property manager and leasing agent for Park303. Reid Wilbraham and Cooper Fratt of Cushman & …

October 2, 2025

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