June 22, 2023

Among the other deals in in this week's Valley real estate roundup: A Phoenix retail center anchored by a Costco Business Center has sold for $17.25 million.

Buchanan Street Partners paid $41 million for the two projects. These are Buchanan’s first storage acquisitions within the greater Phoenix MSA. The seller was Garrett Development Corporation. The projects are in Cave Creek and Mesa. The facilities total 160,500 rentable square feet and 1,620 units. The properties were acquired at a total purchase price of $255 a square foot.