Wednesday, July 30, 2025
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Sprouts
ArizonaDevelopmentLeasing ActivityRetailWestern

Sprouts Farmers Market to Open 23,228 SF Store in Yuma, Arizona

by Hayden Spiess

YUMA, ARIZ. — Sprouts Farmers Market will open a 23,228-square-foot store in Yuma, marking the second location in the city for the Phoenix-based grocer. In addition to the Yuma Foothills Sprouts store, the property will feature an additional 11,250 square feet of attached, inline retail space. The Spencer Cos. is the landlord and project developer. Regan Amato of JLL’s Phoenix office represented Sprouts in the lease negotiations, and Thomas J. Pancrazi of A.T. Pancrazi Real Estate Services represented The Spencer Cos. A construction timeline was not disclosed. 

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5401-E-Jurupa-St_Ontario-Calif
CaliforniaIndustrialLeasing ActivityWestern

Stream Arranges 142,556 SF Industrial Lease in Ontario, California

by Hayden Spiess

ONTARIO, CALIF. — Stream Realty Partners has arranged a 142,556-square-foot industrial lease in Ontario, in the Inland Empire West submarket of California. Commercial glass sourcing business H Global Commerce Inc. will fully occupy 5401 E. Jurupa St. beginning in March. Amenities at the property include a fully secured trucking and storage yard and 52 trailer parking spaces. The freestanding building is scheduled for renovation within the first quarter of this year. Stefan Pastor and Brad Yates of Stream represented the landlord in the lease negotiations. Andrew Chaffee, Wes Jones and James Toomarian of CBRE represented H Global.

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614-616-N-10th-Ave_Phoenix
AcquisitionsArizonaMultifamilyWestern

ABI Brokers $2.1M Sale of Multifamily Community in Downtown Phoenix

by Hayden Spiess

PHOENIX — ABI Multifamily has brokered the $2.1 million sale of a multifamily community located at 614-616 N.10th Ave. in downtown Phoenix. Built in 1936 and 1954 and renovated in 2023, the property features eight apartments in one- and two-bedroom layouts. Dallin Hammond, Mitchell Drake, Carson Griesemer, Tom Palestina, Andrew Arambula and Bryce Neagle of ABI represented the Arizona-based seller in the transaction. Both the buyer and seller were undisclosed.   

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7006-S-Alton-Way-Centennial-CO
AcquisitionsColoradoIndustrialOfficeWestern

NavPoint Negotiates $2.2M Sale of Flex Building in Centennial, Colorado

by Amy Works

CENTENNIAL, COLO. — NavPoint Real Estate Group has negotiated the sale of a flex building, located at 7006 S. Alton Way in the Denver suburb of Centennial. Bill & Paulette Weinberger LLC sold the asset to J&K Capital LLC for $2.2 million. The asset, Building B, is a single-story property offering 9,850 square feet of flex space.   Matt Kuble and Jordan Burgess of NavPoint Real Estate Group represented the seller, while Trent Rice of Pinnacle Real Estate Advisors represented the buyer in the deal.

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ArizonaIndustrialMarket ReportsWesternWestern Market Reports

New Goodyear Industrial Development Targets Fortune 100 Tenants

by Jeff Shaw

DIV Industrial has seen the demand, and is delivering for Fortune 100 tenants that need to be accommodated in the Phoenix market. The Irvine, Calif.-based investor and developer just closed on 47 acres in Goodyear that will soon serve as the home of Sarival Business Park, a 847,988-square-foot, Class A industrial complex. At completion, the modern, LEED-certified business park will include five free-standing buildings ranging from 135,000 square feet to 235,000 square feet. This transaction marks DIV’s first foray into the Phoenix market. Nicholas Ilagan, the firm’s co-founder and managing partner, notes there were many attributes that attracted him to this region.  “The Phoenix MSA continues to be one of the fastest-growing metros in the country,” he says. “The region is propelled by its established infrastructure, business-friendly approach, educated workforce, and accessibility to Southern California’s port markets and the Western U.S. population. Phoenix is attracting large corporations and Fortune 500 companies that are relocating or setting up new, efficient operations, such as data centers, distribution facilities and manufacturing operations.” This includes Taiwan Semiconductor Manufacturing Company, which Ilagan notes has had a “huge boost to the local economy and stimulated employment growth.” Goodyear has also drawn in larger regional and national …

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CaliforniaLoansMultifamilyWestern

Berkadia Arranges $44.5M Refinancing for Fountains of Fair Oaks Multifamily Property in California

by Amy Works

FAIR OAKS, CALIF. — Berkadia has arranged $44.5 million in refinancing for The Fountains of Fair Oaks, a garden-style apartment property in Fair Oaks, a suburb east of Sacramento. The borrower is The Ezralow Co. Allan Freedman of Berkadia Los Angeles secured the five-year loan, which features five years of interest-only payments, through Freddie Mac. Located at 4800 Sunset Terrace, The Fountains of Fair Oaks features 270 units with electric heaters, hardwood-inspired flooring, contemporary cabinets, patios or balconies, stainless steel appliances, high-speed internet access, microwaves and central heating and air conditioning. Select units offer closets, fireplaces, washers/dryers and storage on the patios. Community amenities include a clubhouse, spa, fitness center, bike rooms, a basketball court, tennis court, 24-hour parcel room, large decks with barbecues and a fire pit, a lounge, 24/7 resident payment portal, gardens with courtyards, a courtesy patrol, business center, controlled access and six laundry facilities. The pet-friendly community was built in 1976 and fully renovated in 2012.

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Stratford-Square-Apts-Burien-WA
AcquisitionsMultifamilyWashingtonWestern

Family Operator Purchases 32-Unit Stratford Square Apartments in Burien, Washington for $7.3M

by Amy Works

BURIEN, WASH. — Stratford Square LLC has completed the disposition of Stratford Square Apartments, a 32-unit multifamily property in Burien, approximately 10 miles south of Seattle. A local family operator acquired the asset for $7.3 million. Located at 12707-12733 13th Lane SW, Stratford Square Apartments features three three-story, garden-style buildings, each offering eight two-bedroom/1.5-bath units approximately 1,000 square feet in size, and four duplexes with two-bedroom/1.5-bath townhome-style units featuring parking garages. Originally built in 1988, the property offers covered and uncovered on-site parking, in-unit washers/dryers, dishwashers, fireplaces and balconies in most units. Jacob Odegard, Dan Chhan, Tim McKay, Dylan Roeter and Matt Kemper of Cushman & Wakefield represented the buyer, while Jon Breiner and Nick Hemming of Paragon Real Estate Advisors represented the seller in the transaction.

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2626-E-Elwood-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

Edgewood REIT Buys 25,393 SF Industrial Building in Phoenix from Alliance Plumbing in Sale-Leaseback Transaction

by Amy Works

PHOENIX — Arizona-based Alliance Plumbing Service and Repair has completed the sale-leaseback of an industrial building located at 2626 E. Elwood St. in central Phoenix. Edgewood REIT acquired the asset for $6.4 million. Built in 2019, the property features a 25,393-square-foot building on a C-2-zoned lot and a secured yard with electrical gate for equipment and trucks. Alliance Plumbing has leased the property for 12 years. Brian Ackerman of Colliers in Arizona handled the transaction and assisted in structuring the lease for Alliance Plumbing. Edgewood REIT is a North Dakota-based REIT that was founded in 2010.

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Autumn-Leaf-Airway-Heights-WA
AcquisitionsMultifamilyWashingtonWestern

Kidder Mathews Negotiates $3.6M Sale of Autumn Leaf Apartments in Airway Heights, Washington

by Amy Works

AIRWAY HEIGHTS, WASH. — Kidder Mathews has brokered the sale of The Autumn Leaf Furnished Apartments, located at 12911 W. 13th Ave. in Airway Heights, a suburb west of Spokane. The property traded for $3.6 million. Max Frame of the Simon and Anderson team at Kidder Mathews represented the undisclosed seller in the deal. The name of the buyer was also not released. Built in 2017, The Autumn Leaf features 24 units.

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10128-Wadsworth-Pkwy-Westminster-CO
AcquisitionsColoradoNet LeaseRetailWestern

CW Real Estate Partners Brokers $3.3M Sale of 7-Eleven-Occupied Retail Property in Westminster, Colorado

by Amy Works

WESTMINSTER, COLO. — CW Real Estate Partners has arranged the sale of a retail property located at 10128 Wadsworth Parkway in Westminster, a northern suburb of Denver. Equitas Development LLC & CAP Cincy LLC acquired the asset from 10108 Wadsworth Parkway LLC for $3.3 million. 7-Eleven occupies the property on a net-lease basis. Chris Wiedenmayer of CW Real Estate Partners represented the seller in the transaction.

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