Phoenix
Tempe Office Building Changes Hands
JLL represented the seller, Hannay Realty Advisors, in its disposition of Warner Courtyards. The former owner will continue to manage the asset.
Transwestern Completes Full-Building Phoenix Lease
Desert Canyon 300, a three-story, 150,000-square-foot Class A property, will serve as the tenant’s new information technology corporate office.
Iron Mountain to Build 550 KSF Phoenix Data Center
The company will double the available IT capacity of its Phoenix campus, which will be scalable up to approximately 100 MW.
Inland Real Estate Buys 2 Phoenix-Area MOBs
Located at 220 S. 63rd St. in Mesa and 3940 S. Alma School Road in Chandler, the buildings comprise a total of 25,340 square feet.
CBRE Arranges Sale of Phoenix Shopping Center
Plaza at Power Marketplace comprises roughly 71,000 square feet and was 93 percent leased at the time of sale. The asset is anchored by LA Fitness and shadow-anchored by Home Depot.
Inland Real Estate Arranges Phoenix MOB Sale
Recently built, the 29,350-square-foot property features 30 exam rooms. At the time of the deal, Banner Health occupied the entire building.
JV Launches Arizona’s Largest Integrated Solar, Battery Plant
NextEra Energy Resources joined forces with Salt River Project—a community-based, not-for-profit public power utility—to deliver the state’s largest solar energy center paired with battery system.
Hines Sells 300 KSF Green Building in Phoenix
In the city’s largest office deal so far this year, an affiliate of New York Life Real Estate Investors acquired an eight-story asset in the Camelback Corridor.
YAM Properties Acquires Arizona’s Westgate Entertainment District
In one of the state’s largest retail deals ever, iStar sold the 76-acre mixed-use center in Glendale for $133 million after six years of ownership and a major repositioning.
Broadstone Net Lease Adds New VPs in Phoenix
Greg Lang and Sean Hostert have stepped up as the firm’s vice presidents of acquisitions, focusing on sourcing and closing deals of single-tenant commercial assets.