TruAmerica Multifamily Makes Largest Arizona Investment with $80.9M Apt Buy

TruAmerica Multifamily has made its largest investment in Arizona with the acquisition of Scottsdale Springs, a 644-unit institutional quality multifamily community in Downtown Scottsdale, Ariz. TruAmerica acquired the property from NY-based Abacus Capital Group in an off-market transaction valued at $80.9 million. Located at 7791 East Osborn Road, Scottsdale Springs is the third acquisition in…

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Lincoln Property Company Sells $30 Million Phoenix Industrial Building to XPO

After leasing a Class A Lincoln Property Company (LPC) distribution facility in the heart of Phoenix’s Southeast Valley industrial market for three years, global supply chain leader XPO Supply Chain Inc. has opted to purchase the building for more than $30 million. A top-ten global provider of supply chain solutions, XPO (formerly Menlo Worldwide) originally occupied the LPC…

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Columbia Property Trust Renews Toyota Financial Services Lease for Entirety of San Tan Corporate Center I in Phoenix

Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has signed an 89-month lease renewal with Toyota Financial Services, which will continue to occupy the entire three-story office building known as San Tan Corporate Center I in Chandler, Arizona, a southeast suburban submarket of Phoenix.   Toyota Financial Services (“Toyota”), a subsidiary of Toyota…

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Valley Partnership Congratulates 2015-16 Advocates Class

Valley Partnership is pleased to congratulate the graduates of the 2015-16 Advocates class.   This year’s Valley Partnership Advocates curriculum offered participants a robust exposure to all aspects of the lifecycle of development. Some of this year’s program highlights include:   A helicopter tour of some of the Valley’s current development projects sponsored by SRP…

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Daum Negotiates $5.32M Medical Office Sale-Leaseback in Phoenix and $1.6M Office Building in Scottsdale

Daum Commercial Real Estate Services has negotiated the $5.362 million sale-leaseback of a large medical practice group of west valley properties – the 19,679-square-foot medical office complex, Fountains Medical Center located at 5620 W. Thunderbird Road in Glendale, and the 5,262-square-foot medical office center, Indian School Professional Plaza at 9150 W. Indian School Road in…

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LGE Design Build Completes New Building for Reel Men Studios

LGE Design Build has completed construction on a 12,290-square-foot industrial building for Reel Men Studios, which supports the film and commercial industry in Arizona with millions of dollars worth of production equipment ranging from lights, cameras, and trucks to tables and chairs for production support. The new building, 3902 E. Broadway Road in Phoenix, features…

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ViaWest Group Adds Downtown Industrial to Growing Portfolio

Phoenix-based ViaWest Group closed on their sixth industrial acquisition in the past eighteen months further expanding their Southwestern U.S. focused industrial platform.  ViaWest paid $5.76 million for the 89,423 SF industrial building located directly across from Chase Field near the corner of 7th Street and Jackson Street centered in the heart of downtown Phoenix.  The…

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