CBRE Facilitates $168M Sale of 8 Industrial Parks Phoenix Metro
CBRE Facilitates $168M Sale of 8 Industrial Parks Phoenix Metro

CBRE Facilitates $168M Sale of 8 Industrial Parks Phoenix Metro

News summary

CBRE has recently facilitated several significant real estate transactions across the United States, highlighting continued interest in industrial, office, and residential properties. In the Phoenix metro area, CBRE represented an affiliate of Equus Capital Partners Ltd. in the $167.85 million sale of an 889,352 square-foot industrial portfolio comprising 46 buildings across eight parks, acquired by BKM Capital Partners; the properties offer leasing flexibility and are strategically located near major highways. In Deer Valley, Phoenix, CBRE also handled the $22.5 million sale of a two-building, 124,308-square-foot flex industrial office portfolio to a private investor, noting the submarket's resilience and upside potential. In Jamaica Plain, Massachusetts, CBRE represented Berkeley Investments in the $37.8 million sale of 3200 Washington, a LEED Gold-certified, 73-unit apartment community featuring commercial suites and amenities. Additionally, CBRE completed the $15.75 million sale of a 77,988-square-foot office property in Burbank, California, emphasizing strong user demand and a value-add opportunity despite high vacancy rates in Greater Los Angeles. These transactions underscore CBRE's role in capitalizing on market opportunities across diverse property types and geographic locations.

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