Phoenix
CyrusOne Acquires 70-Acre Site for 2nd Phoenix Facility
The upcoming data center will eventually deliver up to 198 megawatts of critical IT power. The company’s campus will be located within the Mesa Elliot Technology Park, a 270-acre master-planned mixed-use project.
Phoenix-Area Storage Facility Sells for $7M
Marcus & Millichap’s Tampa-based self-storage group, together with the firm’s Phoenix office, brokered the sale of the 722-unit asset located in Mesa, Ariz.
Parallel Capital Acquires Full Interest in AZ Office Tower
Two Arizona Center, a 20-story building located on one of the 16 acres comprising the mixed-use Arizona Center, offers 512,852 square feet and is fully leased to Arizona Public Service Co.
Lamar Acquires 550 KSF Phoenix-Area Shopping Center
In partnership with Real Capital Solutions, the company purchased a segment of Promenade at Casa Grande, a 1 million-square-foot retail property in Casa Grande, Ariz.
Westwood Financial Acquires AZ, GA Retail Centers
In a deal totaling $66.2 million, the company bought Boardwalk at Andersen Springs in Chandler, Ariz., and Decatur Crossing in Decatur, Ga. HFF arranged the financing for both purchases.
SunCap Breaks Ground on AZ Industrial Asset
Twenty-one percent of the 134,358-square-foot Gilbert Spectrum Building One has been pre-leased to SDHQ Off Road. The property is scheduled for completion by the second quarter of 2019.
Hines Debuts Self-Storage Project
The company plans to develop several facilities across Arizona. Targeted locations include Tempe, Litchfield Park, Surprise, Scottsdale and Glendale.
Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy
Developed by Mortenson Construction and designed by PK Architects, the 210-key Hampton Inn & Suites by Hilton Phoenix Downtown marks the REIT’s 12th hotel property in the state.
Scottsdale Plaza Resort in AZ Receives $64M Refinancing
The property’s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.
JV Buys $12M Phoenix MOB
Constructed in 2012, the 34,000-square-foot property is 90 percent occupied by Banner Medical Group and the Center for Orthopedic Research and Education Inc.