The Avondale Planning Commission has recommended approval for a rezoning request to create a 45-acre mixed-use development called The District at Crystal Springs. The development will include healthcare facilities, commercial spaces, residential and hospitality uses, with the potential for a hotel and restaurants. The site will be divided into five parcels, including multifamily apartments, commercial spaces, an Encompass Health hospital, and multifamily townhomes. The District at Crystal Springs aims to provide a residential base for the development’s healthcare component and a built-in customer base for retail and commercial offerings.

Barclay Group has acquired parcels at Gladden Farms Marketplace in Marana for $4.9 million from Weingarten/Kimco Realty Corporation. The deal includes 9.65 acres, and the marketplace will now feature a 125,000 sq ft Fry’s Food Store with a fueling center and drive-thru pharmacy, set to open in Q3 2024. Additionally, six more out parcels, plats, and shops will be part of the shopping center, totaling 32,200 sq ft at build-out.

Kohlberg Kravis Roberts & Co. has acquired a 1.3 million sq ft industrial park in Arizona for $165 million. Cushman & Wakefield advised US Capital Development in the sale of a 599.5K sq ft industrial building in Glendale for $81.7 million. Ivanhoe Electric purchased 5,975 acres for its Santa Cruz Copper Project for $34.3 million. Christ Church Gilbert bought a church and commercial buildings for $24 million. NAI Horizon facilitated the sale of a 26.7K sq ft office building for $4.5 million. The Niki Group acquired a 99 Cents Only store for $3.13 million. 29th Street Capital bought a 124-unit apartment complex in Tempe, with no price disclosed. In lease transactions, Tempur-Pedic signed a full-building pre-lease at Buckeye85, Engineered Foam Packaging Corp. leased Building A at Confluence Industrial Park, and Picklemall leased 104K sq ft at Arizona Mills Mall.