Phoenix Commercial Real Estate Deal Ranks Among Largest Ever

Published: Tuesday, December 12, 2017 - 7:10am

A 2 million square-foot real estate deal has just finalized near Tempe Town Lake. It's one of the largest commercial property transactions on record in metro Phoenix.

A partnership between Houston-based Transwestern Investment Group and Phoenix-based JDM Partners LLC acquired Marina Heights late last week. The property is a five-building office campus covering 20 acres in Tempe.

While price was not disclosed, the sale-leaseback deal was valued in one report at about $928 million. The acquisition is located between Arizona State University and Tempe Town Lake.

 

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