Phoenix
JLL Tapped to Lease Phoenix Industrial Project
The company is the exclusive leasing broker for Skyway Commons, an upcoming 110,221-square-foot facility owned by Silagi Development and Management.
Phoenix Self Storage Lands New Owner
The 128,240-square-foot facility offers value-add opportunities, adjacent to a thoroughfare that is part of Phoenix’s $84 million Avenida Rio Salado street improvement project.
JLL Brokers $18M Sale of Phoenix Industrial Asset
Continued confidence in the local industrial market has prompted Colony Northstar’s acquisition of Phoenix Logistics Center from Overton Moore Properties and PCCP LLC.
Downtown Phoenix Office Building Lands $51M Financing
HFF secured the three-year, floating-rate loan for U.S. Bank Center, a 360,000-square-foot high-rise building. Completed in 1976 and renovated in 2013, the property is 63 percent occupied.
Phoenix Offices Trade for $82M
JLL worked on behalf of TR Camelback Corp. to secure the sale of two office buildings in the heart of the Camelback Corridor. Goldman Sachs’s subsidiary Archon Acquisition purchased both properties.
Scottsdale Galleria Coveted by Job-Creating Companies
Job site firm Indeed Inc. will open an office at the 537,110-square-foot building, creating up to 250 new jobs. Companies select the Scottsdale property for its access to talent, high quality of life and business-friendly environment.
Phoenix-Area Shopping Center Fetches $23M
Sterling Org. acquired a 107,633-square-foot shopping center anchored by Safeway. The property’s high-profile tenants include The UPS Store, Nationwide Vision, GNC and FastFrame.
Law Firm to Relocate to Downtown Phoenix
Cantor Law Group is moving to Renaissance Square. JLL negotiated the 24,233-square-foot lease on behalf of the tenant, while Lee & Associates represented the owners.
ASU, Catellus Reveal Next Phase of Novus Innovation Corridor
The next phase will add more one million square feet of mixed-use urban development upon completion. The project will ultimately create roughly 20,000 jobs and will bring 5,000 residents to central Tempe, Ariz.
Westwood Sells Phoenix-Area Retail Center
Tatum Plaza, a retail center shadow-anchored by Fry’s Food & Drugs, traded for $9.5 million. Westwood acquired the property in 2014 and increased the asset’s net operating income by filling the center with high-profile tenants.