Greater Phoenix experienced its largest investment transaction on record during 4th quarter of 2017, continuing robust market conditions. The sale of more than two-million square feet at Marina Heights for $928 million finished the year strong.
According to a 2017 Q4 Greater Phoenix Investment Report by Colliers International, investment performance has been strengthening across all sectors in the Greater Phoenix area.
Sales generally accelerated during fourth quarter 2017 with shopping centers and industrial properties posting the largest increases in activity. Medical office was the only sector that did not gain momentum during the three-month period.