The Arizona commercial real estate industry is red-got right now, ranking among the best markets for multifamily sales in the nation. Those rankings are backed up by the biggest commercial real estate deals in Metro Phoenix, according to data collected by the commercial real estate tracking website Vizzda. Here are the five biggest commercial real estate deals in the multifamily, industrial, office, and retail sectors that closed in May.
READ ALSO: Here are the 10 biggest land deals from May
Multifamily
1. The Retreat Apartments: $131,000,000
Location: 20808 N. 27th Ave., Phoenix
Buyer: MG Properties
Seller: LivCor
Brokers: CBRE, Institutional Property Advisors
2. Escape at Arrowhead Apartments: $103,750,000
Location: 7951 W. Beardsley Rd., Peoria
Buyer: Escape Two LLC
Seller: Embrey Development
3. Portrait at Hance Park: $99,500,000
Location: 1313 N. 2nd St., Phoenix
Buyer: Knightvest Capital
Seller: Transwestern
4. Broadstone Rio Salado: $96,150,000
Location: 2325 E. Rio Salado Pkwy., Tempe
Buyer: Decron Properties
Seller: Alliance Residential
5. Monte Verde Apartments: $96,000,000
Location: 3601 E. McDowell Rd., Phoenix
Buyer: TruAmerica Multifamily
Seller: Knightvest Capital
Industrial
1. 1715 W. Elliot Rd.: $43,100,000
Location: Gilbert
Buyer: Silver Creek Development
Seller: SunCap Property Group
2. 120 N. 83rd Ave.: $17,400,000
Location: Tolleson
Buyer: Cohen Asset Management
Seller: Eisenberg Company
Financing: Tim Storey, Gantry
3. 3455 S. McQueen Rd.: $14,236,950
Location: Chandler
Buyer: VIAVI Solutions Inc.
Seller: Ryan Companies US
4. 8123 S. Hardy Dr.: $7,800,000
Location: Tempe
Buyer: Kimball Investment Company
Seller: ViaWest Group
Broker: Cushman & Wakefield
5. 1845 E. Jefferson St.: $6,175,000
Location: Phoenix
Buyer: Dadson Laundry
Seller: Tony Sycks
Office
1. DriveTime Automotive Corporate Offices: $12,400,000
Location: 4020 E. Indian School Rd., Phoenix
Buyer: 4020 EAST INDIAN SCHOOL LLC
Seller: The Boyer Company
2. 10229 & 10301 N. 92nd St.: $10,500,000
Location: Scottsdale
Buyer: Caliber Wealth Development
Seller: PCRES HOLDINGS
3. 5859 W. Talavi Blvd.: $10,000,000
Location: Glendale
Buyer: Remedy Medical
Seller: Phoenix Heart Realty
4. 26900 N. Lake Pleasant Pkwy.: $9,300,000
Location: Peoria
Buyer: CD Smith Construction
5. Stetson Canal Condominium Units 100, 105, 110, 205, & 210: $9,000,000
Location: Scottsdale
Buyer: Bright International Corp.
Seller: Christopher Vinger
Retail
1. Skyview (Tempe): $12,200,000
Location: 855 South Rural Road, Tempe
Buyer: American Campus Communities
Seller: Golub Real Estate Investments
2. San Tan Pavilions Lot 3B: $9,800,000
Location: 1877 E. Williams Field Rd., Gilbert
Buyer: Orosman Vizcaino
Seller: Remington Nevada
3. EOS Fitness: $9,628,000
Location: 1727 W. Ranch Rd., Tempe
Buyer: Mar Group
Seller: Barclay Group
Title agent: Thomas Title & Escrow
4. Fulton Ranch CVS: $9,044,000
Location: 4990 S. Arizona Ave., Chandler
Buyers: Daniel and Lisa Nguyen, Jeffrey Pieper, Gregory Richart
Seller: Kaneohe Ranch Co.
5. 10706 E. Point Twenty Two Blvd.: $8,965,000
Location: 10706 E. Point Twenty Two Blvd., Mesa
Buyer: Sreenivasulu Ramireddy
Seller: Evergreen Development Company
Broker: Newmark Knight Frank
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