Phoenix
Harrison Development Buys AZ Distribution Center for $14M
Central Arizona Distribution Center has 379,972 square feet available for leasing. The property is located near the interchange of I-8 and I-10, providing easy access to several major cities.
Stockdale Secures New Lease at Scottsdale Galleria
Indeed Inc. is expanding its Phoenix-area footprint, having signed for 53,000 square feet at the LEED-certified office property. The building recently underwent a $7 million renovation.
Scottsdale Office Complex Trades for $53M
Equus and iStar have acquired the asset with a $42.6 million loan provided by Mesa West Capital. The office building marks the joint venture’s second acquisition in Scottsdale.
Phoenix Industrial Asset Reaches Full Occupancy
JLL signed new tenants InVue and Aquafil, bringing Colony NorthStar’s industrial portfolio to full occupancy. The market’s record-low vacancy and all-time high absorption rates made for an attractive investment opportunity.
USAA Phoenix Master-Planned Community Breaks Ground
The upscale 400-acre community will feature entertainment, shopping and dining options to its residents. USAA Real Estate expects to finish the first phase within one year.
VanTrust Breaks Ground on Chandler Office Asset
Layton Construction Co. is developing the first phase of Chandler Corporate Center, a 114,000-square-foot office development in Chandler, Ariz. The property is scheduled for completion by June 2018.
Phoenix Ritz-Carlton Hotel and Residences Lands $282M
HFF arranged a $210 million senior land and construction loan with Bank of the Ozarks, as well as $72 million in mezzanine financing with Starwood Property Trust Inc.
Hines to Renovate Phoenix Office Campus
The company plans to invest up to $1 million to upgrade the exterior of 24th at Camelback, a 627,000-square-foot office complex. The refurbishment is scheduled for completion by the end of the year.
Piper Jaffray Renews Lease, Relocates to AZ Camelback Esplanade
Lee & Associates brokered the 3,900-square-foot renewal, relocation and expansion for the lessee. CBRE worked on behalf of LBA Realty, the landlord.
Phoenix Industrial Asset Trades for $7M
The 86,000-square-foot distribution building is situated near Interstate-10 and Route 202. Axus Technologies occupies 23,000 square feet at the facility.