THE VIZZDA WEEKLY
February 27th, 2017
Last week in Phoenix, Vizzda tracked $161,182,558 in commercial real estate transactions
including 37 sales and 2 new projects. Below are Vizzda's top reports of the week.
PLANNING & ZONING
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Discount Tire Coming to 91st Avenue in Peoria
On 2/21 the Peoria City Council introduced a Final Plat for a future Discount Tire facility north of the northeast corner of 91st and Northern Avenues.
(1 of 2 planning & zoning events last week)
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LAND
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Meritage Homes Purchases ±15 Acres Proposed for Residential Condos
±15 acres at the northeast corner of McQueen and Ocotillo Roads in Chandler sold to Meritage Homes for $4,036,352 on 2/21. The land is proposed for a 111-unit residential condominium.
(1 of 8 land sales last week)
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OFFICE
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US Pipeline Buys 16-Story CBIZ Plaza in Phoenix
Houston-based company US Pipeline purchased the 16-story CBIZ Plaza office tower on 2/21. LNR Partners sold the property for $26 million.
(1 of 9 office sales last week)
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MULTIFAMILY
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Tierra Del Sol Apartments in Mesa Sell for over $31 Million
The 276-unit Tierra Del Sol apartment complex in Mesa sold to Bridge Investment Group Partners on 2/23. Acacia Capital Corp sold the complex for $31,050,000.
(1 of 4 multifamily sales last week)
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INDUSTRIAL
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Warner Crossing Industrial Flex Property Sells for $3.95 Million
The 35,665 SF industrial flex office "Warner Crossing Lot 1A" sold on 2/23 to David Bourguignon of Mission Viejo, California for $3.95 million. The seller, Denali National Trust, previously acquired property on 8/2/13 for $2.4 million.
(1 of 5 industrial sales last week)
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RETAIL
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Walmart Supercenter Anchor Sells for $14.4 Million
California investor Abbie Behar purchased the Desert Palms Walmart Supercenter on 2/27 for $14.4 million. Seller traces to Sarofim Realty Advisors.
(1 of 11 retail sales last week)
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