Below are the deals that closed Wednesday, Thursday and Friday, April 15-17, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.
$58 million sale of Biltmore Commerce Center on N. 32nd Street and Camelback Road (3200 E. Camelback Road) in Phoenix by New Biltmore LLC an entity of DPC Development Company, a privately held, Colorado-based owner and developer of more than 2.5 million square-feet of commercial properties, according to their website.
The buyer was Biltmore Property Owner LLC, an entity of international investment firm Oaktree, which put $17.5 million down for the 2.7-acre property.
The office complex includes at least 10 office spaces, on-site management and a Starbucks Coffee.
To view the affidavit, click here.
$16.85 million sale of an office building on the northeast corner of W. Kathleen Road and N. 28th Avenue (16001 N. 28th Avenue) in Phoenix by Granite Twenty-Eighth Avenue Holdings LLC, an entity of Sabal Financial Group LP, an international diversified financial services firm specializing in real estate, banking and lending.
The buyer was SIRE Properties Trust, and paid cash for the property.
The 108,700 square-foot building was built in 1998 and is located west of Interstate 17 within the Arizona Business Park. It is leased to Farmers Insurance Group.
The 372,786 square-foot property is zoned for industrial park.
To view the affidavit, click here.
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$10.65 million sale of Gilbert Square apartments on the southwest corner of Covina Street and Covina Court (1821 E Covina Street) in Mesa by Covina Court LLC, which appears to be an entity of California-based real estate brokerage Inko Commercial.
The buyer was Gilbert Square Equity LLC an entity of Oregon-based real estate acquisition and brokerage company Bire Bean Investment Real Estate.
The buyer made a $2.65 million down payment on a conventional loan.
The apartments offer one- and two-bedroom floorplans.
To view the affidavit, click here.
$10.58 million sale of a commercial center on the northwest corner of N. 70th Street and E. Shea Boulevard (6990 E. Shea Boulevard) in Scottsdale by CAM-9 LLC.
The buyer was Scottsdale Shea Retail Center LLC, who paid cash for the property, which consists of two parcels of about 183,780 square-feet.
The property is zoned C-2 for commercial.
It includes a 6,000-square-foot Phoenix Children’s – Scottsdale Center Specialty and Urgent Care.
To view the affidavit, click here.
$6.675 million sale of Main Street Lofts at Verrado on the southeast corner of Main Street and Verrado Way (21068 W. Main Street) inBuckeye by DMB Verrado District Core 1 LLC, an entity created by Scottsdale-based DMB.
The buyer was MainStreet Core Properties LLC, an entity of HCCJ Family GP LLC, which put a $2.4 million down payment on a conventional loan for the transaction.
To view affidavit, click here.
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