THE VIZZDA WEEKLY
March 27th, 2017
Last week in Phoenix, Vizzda tracked $162,039,201 in commercial real estate transactions
including 53 sales and 7 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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Final Plat Introduced for Layton Lakes Village Commercial Development in Chandler
The Chandler City Council introduced a Final Plat last Thursday for the commercial development Layton Lakes Village, as part of the Layton Lakes master planned community.
(1 of 7 planning & zoning events last week)
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LAND
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66 Lots of Ritz-Carlton Parcel B Sell for $45 Million
Shea Homes acquired 66 platted and engineered lots of Ritz-Carlton Parcel B residential development, which totals 23.85 acres with typical lot dimensions of 80' x 125'.
(1 of 13 land sales last week)
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OFFICE
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Unit 4 of Sonoran Corporate Center in Scottsdale Transacts for over $5 Million
Cass Construction purchased this 2-story office building for $5,525,000 funded by $3.45 million in new debt with Standard Insurance Company.
(1 of 12 office sales last week)
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MULTIFAMILY
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505 West Apartments in Tempe Purchased for over $37 Million
Aragon Holdings purchased this 334-unit apartment complex for $37.25 million last Tuesday from FPA Multifamily, funded by $26.8 million debt with NorthMarq Capital.
(1 of 13 multifamily sales last week)
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INDUSTRIAL
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Parkside Lane Warehouse Sells for over $2 Million
The 15,700 square foot warehouse at 2215 W Parkside Ln in Phoenix sold for $2,191,000 to local investor Dennis Schroeder. This single-tenant building was built in 2005 on 1 acre.
(1 of 13 industrial sales last week)
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RETAIL
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Long Beach Investor Purchases Walgreens on Main Street in Mesa
Ronaldo J Bennett of Long Beach, California purchased the freestanding Walgreens retail at 2024 W Main Street in Mesa for over $5.6 million. Seller traces to Weissberg Corp.
(1 of 3 retail sales last week)
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