THE VIZZDA WEEKLY
February 14th, 2017
Last week in Phoenix, Vizzda tracked $95,619,083 in commercial real estate transactions
including 40 sales and 15 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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New 146-Lot Sun City Festival Subdivision Proposed for Buckeye
On February 7th, the Buckeye City Council introduced a replat titled "Sun City Festival Parcel 1" for 146 age-restricted single family homes in Buckeye.
(1 of 15 planning & zoning events last week)
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LAND
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Proposed Austin Ranch Parcel 4 Sells in Surprise
On February 9th, 36.5 acres of land in Surprise proposed for 138 single family lots sold to Courtland Communities for just under $7 million. This was a related sale between two Courtland Communities entities.
(1 of 11 land sales last week)
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OFFICE
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Two Office Buildings in Anthem Sell to Church
Crossroads Church purchased the two office buildings at 42101 N 41st Dr in Anthem for $3.725 million. This is likely a user-buyer transaction.
(1 of 7 office sales last week)
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MULTIFAMILY
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Sonora Canyon Apartments in Mesa Sell for over $40 Million
On February 10th the 388-unit Sonora Canyon Apartments in Mesa sold for $40.7 million to The Praedium Group and LivCor. Seller traces to Aetna Realty.
(1 of 1 multifamily sales last week)
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INDUSTRIAL
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US Storage Centers Buys West Glendale Self Storage
On February 9th US Storage Centers purchased the 98,824 SF West Glendale Self Storage for $6.7 million. The sale was funded by a new loan with Wells Fargo Bank.
(1 of 4 industrial sales last week)
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RETAIL
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Anchor Building "Van's Golf Shop" Sells for $4.2 Million
On February 3rd, the "Van's Golf Shop" freestanding anchor in Scottsdale sold for $4.2 million to California investor Alan Morris. The sale was funded by a new loan of $2,775,000 with JP Morgan Chase Bank.
(1 of 7 retail sales last week)
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