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Top 5 August Real Estate Transactions
Camelback Mtn PHX

Photo provided by Metro Phoenix Alliance.

Five Largest Commercial Real Estate Deals from August

Two record-setting transactions led the largest commercial real estate deals in August 2026 for Metro Phoenix. Data from commercial real estate tracking website Vizzda and AZRE magazine identified the month’s five biggest transactions across our region.

AZRE via AZ Big Media:

1. Park 303 Phase 2 – Buildings A and B

Sale price: $170,250,000
Location: 16400 and 16500 N. Glendale Ave., Litchfield Park
Property description: 1,113,135-square-foot industrial property
Buyer: Nuveen Real Estate
Seller: Lincoln Property Company
Broker: Cushman & Wakefield

2. Camelback Esplanade III

Sale price: $86,000,000
Location: 2415 E. Camelback Rd., Phoenix
Property description: 221,836-rentable-square-foot, Class-A office property
Buyer: Southwest Value Partners
Seller: C-III Capital Partners
Lender: Western Alliance Bank

3. Ascend at Black Canyon

Sale price: $58,700,000
Location: 28201 N. Black Canyon Hwy., Phoenix
Property description: 260-unit apartment complex
Buyer: Millburn and Company
Seller: DR Horton
Lender: Berkadia

4. Gilbert Spectrum Building 3

Sale price: $56,128,000
Location: 1655 W. Elliot Rd., Gilbert
Property description: 115,212-square-foot industrial property
Buyer: Syndicated Equities
Seller: SunCap Property Group

5. Tolleson Logistics Center

Sale price: $47,800,000
Location: 670 S. 91st Ave., Tolleson
Property description: 417,600-square-foot distribution warehouse
Buyer: INDUS Realty Trust
Seller: Nearon Enterprises

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Published On: September 9, 2026Categories: Business, Economic Development, Real EstateTags: , ,

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