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Blockbuster Retail Sale Tops 10 Biggest Real Estate Deals In April | Living In Phoenix Arizona

May 5, 2025

BLOCKBUSTER RETAIL SALE TOPS 10 BIGGEST REAL ESTATE DEALS IN APRIL

LIVING IN PHOENIX, ARIZONA

Blockbuster Retail Sale Tops 10 Biggest Real Estate Deals In April

 

By AZBigMedia, azbigmedia.com | May 4, 2025

The sale of a shopping complex in Mesa led the biggest commercial real estate deals in April. Here are the 10 biggest deals in Metro Phoenix commercial real estate from April of 2025, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.

1. Superstition Gateway East & West

Sale price: $121,000,000

Location: 1614-1959 S. Signal Butte Rd. and 10720-10746 E. Baseline Rd., Mesa

Description: 489,434-square-foot retail power center

Buyer: Alvarez & Marsal Capital Real Estate

Seller: Desert Troon Companies

Broker: Lee & Associates

2. Soltra Kierland Apartments

Sale price: $107,500,000

Location: 7111 E. Tierra Buena Lane, Scottsdale

Description: 202-unit apartment complex

Buyers: Mohsin Ilyas and Ahmed Azizi

Seller: Leon Capital Group

3. Sight Logistics Park

Sale price: $103,050,000

Location: 6840 and 6860 S. Harl Ave., Tempe

Description: 357,103-square-foot industrial flex

Buyer: CBRE Investment Management

Seller: ViaWest Group

Broker: JLL

4. Bella Encanta

Price: $95,750,000

Location: 9745 E. Hampton Ave., Mesa

Size: 212-unit build-to-rent community

Buyer: JP Morgan

Seller: Bela Flor Communities

5. Broadstone Uptown Apartments

Price: $87,000,000

Location: 502 W/ Camelback Rd., Phoenix

Size: 280-unit apartment complex

Buyer: ReNUE Properties

Seller: Alliance Residential

6. The Place At Santana Village

Sale price: $48,000,000

Location: 7606 W. Peoria Ave., Peoria

Description: 224-unit apartment complex

Buyer: MC Companies

Seller: MC Companies

7. Sanctuary At South Mountain

b $48,000,000

Location: 6250 S. 40th St., Phoenix

Description: 166-unit build-to-rent community

Buyers: Raith Capital Partners and Tower 16 Capital Partners

Seller: The Carlyle Group

Broker: Berkadia Real Estate Advisors

8. BB Living At Cavasson (Proposed)

Sale price: $44,000,000

Location: 7701 E. Legacy Blvd., Scottsdale

Description: 18 acres

Buyer: BB Living Residential

Seller: Grayhawk Development

Broker: Nathan & Associates

9. Scannell Warner Gateway 202 Industrial Park – Building 4

Sale price: $42,309,359

Location: 4712 S. Ellsworth Rd., Mesa

Description: 150,922-square-foot industrial

Buyer: Super Radiator Coils

Seller: Scannell Properties

10. Azul Apartments (Formerly Known As Mission Shadows)

Sale price: $37,100,000

Location: 8111 N. 19th Ave., Phoenix

Description: 227-unit apartment complex

Buyer: Robert La France

Seller: Sheiner Group. – more at azbigmedia.com

 



Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Tell us what you’re searching for. Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. Let’s work together.

Natan Jacobs, Vestis Group

Call: 602-281-6202

Email: Info@Vestis-Group.com

 

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