10-Building Chandler Office Campus Trades for $30.5M
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed office deal value tracked in October 2026: $6.1B across 27 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
CBRE arranged the $30.5 million sale of Chandler Center Commons, a 120,516-square-foot, 10-building office campus at 5500-5590 West Chandler Blvd., in Chandler, Arizona. CBRE’s Geoffrey Turbow represented the seller,…
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