Sales Transactions
1. ARIS MESA LLC, an affiliate of La Costa Capital Partners, purchased Building C at The Cubes at Mesa Gateway, a 1.2MSF Class A industrial building at 7111 S. Crismon Road in Mesa, for $116M. The seller was CRG, the original developer of the 268-acre industrial park. The building was completed in 2023 as a build-to-suit facility for Lowe’s Home Centers LLC. Cushman & Wakefield’s Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren represented CRG and procured the buyer.
2. Four affiliates of Cohen Asset Management recently purchased the 516KSF Elliot Gateway industrial property in southeast Mesa for $98M. Trammell Crow Company was the seller. Both parties were represented by CBRE’s Rusty Kennedy, Evan Koplan, Joe Cesta, Tanner Ferrandi and John Werstler.
3. Oracle Station LLC and Oracle Station I LLC purchased Oracle Crossings, a 265.5KSF grocery-anchored retail center at 7621-7755 N. Oracle Road in Oro Valley, for $53.85M. The sellers were Oracle Crossings LLC and Oracle and Magee LLC. The property is 96% leased and anchored by Sprouts Farmers Market, with Kohl’s occupying a ground lease. JLL Capital Markets’ Investment and Sales Advisory team, Patrick Dempsey, Quin Madden and Ross Jorgensen represented the seller…