By AZRE | AZ Big Media
The Arizona commercial real estate industry is red-got right now, ranking among the best markets for multifamily sales in the nation. Those rankings are backed up by the biggest commercial real estate deals in Metro Phoenix, according to data collected by the commercial real estate tracking website Vizzda. Here are the 10 biggest commercial real estate deals in Arizona that closed in June.
1. Camelback Colonnade: $162,500,000
Location: 4724 N. 20th St., PhoenixBuyer: Federal Realty Investment TrustSeller: RED Development
2. Centra Apartments: $74,500,000
Location: 3601 N. Central Ave., PhoenixBuyer: MG PropertiesSeller: Fore Property Company
3. Level at Sixteenth: $69,100,000
Location: 1550 E. Campbell Ave., PhoenixBuyer: Sares-Regis GroupSeller: Abacus Capital Group
4. Aura on Broadway: $64,750,000
Location: 1221 E. Broadway Rd., TempeBuyer: Decron PropertiesSeller: Brass Enterprises
5. Sierra Pines Apartments: $55,000,000
Location: 9422 N. 31st Ave., PhoenixBuyer: Kohlberg Kravis Roberts & Co.Seller: Western Wealth Capital