Here are the 5 biggest commercial real estate deals in May

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Arizona’s commercial real estate industry is now in decline and ranks among the top multi-unit sales markets in the country. These ratings are backed by the largest commercial real estate transactions in Metro Phoenix, according to data compiled by a commercial real estate tracking website. Vizzda… Here are the top five commercial real estate deals in the tenement, industrial, office and retail sectors that closed in May.


READ ALSO: Here are the 10 largest land deals in May


Multi-family

1. The Retreat Apartments: $ 131,000,000.

Location: 20808 N. 27th Avenue, Phoenix

Buyer: MG Properties

Seller: LivCor

Brokers: CBRE, Institutional Property Advisers

2. Escape from the Arrowhead Apartments: $ 103.75 million.

Location: 7951 W. Beardsley Rd., Peoria

Buyer: Escape Two LLC

Seller: Embry Development

3. “Portrait in Hans Park”: $ 99.5 million.

Location: 1313 N. 2nd St., Phoenix

Buyer: Knightvest Capital

Seller: Transwestern

4. Broadstone Rio Salado: $ 96,150,000

Location: 2325 E. Rio Salado Pkwy., Tempe

Buyer: Dekron Properties

Seller: Alliance Residential

5. Apartment “Monte Verde”: US $ 96,000,000.

Location: 3601 E. McDowell Rd., Phoenix

Buyer: TruAmerica Multifamily

Seller: Knightvest Capital

Industrial

1.1715 W. Elliot Rd: $ 43,100,000

Location: Gilbert

Buyer: Silver Creek Development

Seller: SunCap Property Group

2.120 N. 83rd Ave: $ 17.4 million

Location: Tolleson

Buyer: Cohen Asset Management

Seller: Eisenberg’s company

Financing: Tim Storey, Gantry

3.3455 S. McQueen Rd: $ 14,236,950

Location: Chandler

Buyer: VIAVI Solutions Inc.

Seller: Ryan Company USA

4.8123 S. Hardy, Doctor: US $ 7.8 million

Location: Tempe

Buyer: Kimball Investment Company

Seller: ViaVest Group

Broker: Cushman & wakefield

5.1845 E. Jefferson Street: $ 6,175,000

Location: Phoenix

Buyer: Dudson’s Laundry

Seller: Tony Sykes

Office

1. DriveTime Automotive corporate offices: USD 12.4 million

Location: 4020 E. Indian School Rd., Phoenix

Buyer: 4020 EASTERN INDIAN SCHOOL LLC

Seller: Boyer Company

2.10229 & 10301 N. 92nd St: $ 10.5 million

Location: Scottsdale

Buyer: Wealth Development Caliber

Seller: PCRES HOLDINGS

3. Boulevard V. Talavi, 5859: USD 10,000,000

Location: Glendale

Buyer: Means Medical

Seller: Phoenix Heart Real Estate

4.26,900 N. Lake Pleasant Pkwy: $ 9,300,000.

Location: Peoria

Buyer: CD Smith Construction

5. Stetson Canal 100, 105, 110, 205 and 210 condos: $ 9,000,000.

Location: Scottsdale

Buyer: Bright International Corp.

Seller: Christopher Winger

Retail

1. Skyview (Tempe): $ 12,200,000.

Location: 855 South Rural Road, Tempe

Buyer: American campus communities

Seller: Dove Real Estate Investment

2. San Tan Pavilions, Lot 3B: $ 9,800,000.

Location: 1877 E. Williams Field Road, Gilbert

Buyer: Orosman Viscaino

Seller: Remington Nevada

3. EOS Fitness: $ 9,628,000.

Location: 1727 W. Ranch Rd., Tempe

Buyer: Mar Group

Seller: Barclay Group

Title agent: Thomas Title and Escrow

4. Fulton Ranch CVS: $ 9,044,000.

Location: 4990 S. Arizona Avenue, Chandler

Buyers: Daniel and Lisa Nguyen, Jeffrey Pieper, Gregory Richart

Seller: Kaneohe Ranch Co.

5.10706 E. Point Twenty Two Blvd: $ 8,965,000

Location: 10706 E. Point Twenty Two Blvd., Mesa

Buyer: Srinivasulu Ramireddi

Seller: Evergreen Development Company

Broker: Newmark Knight Frank

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