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City: Tempe

University Logistics Center

Setna iO/Setnix has paid $27 million, or $240.43/sf, for University Logistics Center, a 112,300-square-foot industrial property in Tempe, Ariz. The aircraft part supplier purchased the property from LBA Logistics, which was represented by Cushman & Wakefield.

Beam on Farmer

A venture of Cross Ocean Partners and Breakwater Property Partners has paid $56.2 million, or $305.43/sf, for Beam on Farmer, a 184,000-square-foot office property in Tempe, Ariz. Cross Ocean, of London, and Breakwater, of Newport Beach, Calif., purchased the five-story ...

Skywater at Town Lak

Weidner Apartment Homes has paid $112 million, or $341,463/unit, for Skywater at Town Lake, a 328-unit apartment property in Tempe, Ariz. The Kirkland, Wash., investor purchased the property from KB Development, which had acquired it in 2022 for an undisclosed ...

420-501 South Mill Ave.

The Carlsbad, Calif., investor purchased the property from a group of investors led by Cyrus and Nakissa Etemad. JLL Capital Markets arranged the deal. Mountain American Federal Credit Union has provided $11.7 million of financing to facilitate the purchase.

Gateway University Park I & II

First Citizens Bank and Trust has provided $32.5 million of financing to facilitate the purchase of Gateway University Park I & II, a 268,409-square-foot industrial property in Tempe, Ariz. The property is 99 percent leased by 77 tenants that have ...

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