Last week in Phoenix, Vizzda tracked $244,726,613.00in commercial real estate including57 sales and 2newprojects. Below are Vizzda's top transactions of the week.
PLANNING & ZONING
New Preschool Proposed for Development in Tolleson
On October 25th, The Tolleson City Council introduced a Site Plan during a public meeting for the development of a 8,787 square foot preschool with play yard, four fabric shade canopies and 53 parking spaces.
Multi-Tenant Medical Office Near Camelback Road Purchased for $1.6M
On October 24th, Aaron Kuhl purchased a three-story building totaling 19,151 square feet from Robert Pavese for $1,600,000 with $2,050,000 in new funding with MidFirst Bank, maturing October 27th, 2019.
Apartments Near 48th Street and Thomas Purchased for $10.6M
On October 25th, Calum DeSouza purchased an 155-unit apartment complex totaling 100,674 square feet from Tae Kai and Siobhan Tapia for $10,600,000 ($68,387 per unit) with $7,950,000 in new funding with FirstBank, maturing November 1st, 2026.
Community Shopping Center in Tempe Purchased for $36.75M
On October 27th, Phillips Edison & Company purchased nineteen single-story buildings on 26.36 acres from West Valley Properties for $36,750,000 with buyer assumption of sellers $24,350,000 debt with Wells Fargo.