The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 297-unit Osprey and Heron on the Bluffs apartments located in Savannah, Chatham County, Georgia. This portfolio’s unmatched access to Savannah’s major employers and retail is enhanced by major infrastructure improvements. All of which spurs the recent population growth and rapidly rising income. Built in 1986, Osprey and Heron represent an outstanding opportunity to invest in a portfolio coupled with a proven value-add program that can be elevated to garner premiums north of $200. The recently announced Amazon fulfillment center at the Pooler Mega-Site is expected to create 1,000 jobs for the Savannah area, further adding to Savannah’s explosive development and job growth.
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Under Contract
Bluffs Portfolio (2 properties, 297 units)
Osprey on the Bluffs
177 Units
11900 White Bluff Road
Savannah, GA  31419
Type: Conventional
Posted: 1/14/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of 24.36-acre Overlook at Intracoastal development opportunity in Santa Rosa Beach, Florida, nestled within the 6th fastest growing county in the country. This site offers one of the only potential multifamily land developments in South Walton, as the surrounding area comprises of nearly 20,000 acres of protected forest and park-lands, leaving developable land scarce to find. As population surges in the Walton County area, rental rates and developments are quick to follow with the immediate area realizing 24% rent growth YoY while over $1.5B in capital investments will be deployed in northwest Florida for economic and infrastructure enhancements. The submarket is attracting a stronger demographic base more than ever, with average household income of $118K that is poised to increase 8.6% by 2025, 73% White Collar Workforce, and 52% of residents hold a bachelor’s degree or higher within a 5-mile radius. This may be one of the last multifamily development opportunities within 10 minutes of the #1 ranked beach in the country (2020), Grayton Beach State Park.
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Under Contract
Overlook at Intracoastal Land Development
24.36 Acres
177 Apostles Way
Santa Rosa Beach, FL  32459
Type: Land
Posted: 8/30/2021

Cushman & Wakefield, Inc. is pleased to present the exclusive opportunity to acquire the 236-unit Millennium East Apartments, the 100-unit Parc 17 Apartments, and the 140-unit V Lane Apartments.

Sellers are welcoming offers on individual assets as well as portfolio offers.

Las Vegas is one of the fastest growing and best performing multifamily markets in the nation (over 20% year over year rent growth), positioning Millennium East, Parc 17 Apartments , and V Lane Apartments as limited-risk investments with superior rent growth prospects and long-term value appreciation potential.

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Millennium East, Parc 17, V Lane (3 properties, 476 units)
Parc 17
100 Units
1700 North Lamb Blvd
Las Vegas, NV  89115
Posted: 5/10/2022
Cushman & Wakefield is pleased to present a unique opportunity to obtain a 99-year, prepaid ground lease for a ±2.36 gross / ±1.90 net acre multifamily development site within the Novus Innovation Corridor at Arizona State University. This opportunity is for Parcel 3G, located on the southeast corner of 6th Street and Rural Road, north of the University Drive/Rural Road light rail station. Parcel 3G is located within an Opportunity Zone.
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Under Contract
Parcel 3G - Novus Innovation Corridor
   
SEC 6th Street & Rural Road
Tempe, AZ  85281
Posted: 3/17/2021
Cushman & Wakefield Inc., as exclusive advisor, is pleased to present the opportunity to acquire the Novus Lakefront Mixed-Use Development Site (the “Development Site”), presenting a rare opportunity to develop five lake front parcels. With significant frontage on Tempe Town Lake, the Development Site is comprised of approximately 14 acres in the Novus Innovation Corridor at Arizona State University, and represents the largest undeveloped contiguous lake front site on Tempe Town Lake.
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Parcel 5C-5D-5E-5FW-5FE-Novus Innovation Center
14.4 Acres
NWC & NEC Rio Salado Parkway & Rural Road
Tempe, AZ  85281
Type: Land
Posted: 10/5/2021
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 304-unit Park 35 apartment community located in Decatur, DeKalb County, Georgia. Situated in the rapidly-expanding Decatur area of east Atlanta, this asset has close-in access to all of Atlanta’s major employment hubs via I-285 and I-20. Built in phases from 1965-2000, Park 35 offers an outstanding opportunity to invest in a high-performing, well-located asset, primed for ROI. With essentially 100% classic units, Park 35 allows for an elevated value-add plan to push rents at nearly $500 per unit.
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Park 35
304 Units
3529 Robins Landing Way
Decatur, GA  30032
Posted: 5/4/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present The Panther Portfolio – a 2,127-unit value-add investment opportunity throughout Broward County. This Portfolio features five unique garden properties with an average vintage of 1998 with a spacious average unit size of 1,122 square feet. The Panther Portfolio offers the opportunity to obtain immediate scale in some of the region’s best performing submarkets. With a later 1990’s vintage, these properties have been meticulously maintained, allowing new ownership to solely focus on increasing rents through an in-unit renovation program.

This sale represents an opportunity to acquire a 100% interest in the assets through the acquisition of the controlling entities.
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The Florida Panther Portfolio (5 properties, 2,127 units)
Park at Turtle Run
257 Units
6150 Wiles Road
Coral Springs, FL  33067
Type: Conventional
Posted: 4/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Parkside Row, a Class A+, 22-unit, 3 BR/2.5 BA, 2019-built Townhome Community located in Bentonville, AR. Bentonville is home to the world’s largest retailer - Walmart. The booming area of NW Arkansas (Bentonville, Rogers, Fayetteville & Springdale) has outpaced the national avg. for job growth every year since 2010 and continues to be a leader nation-wide in several key demographic metrics. The area was recently ranked 4th in America’s Best Places to Live by US News and World Report. The property is located 3 miles south of Bentonville Square and 2 miles SE of the future home of Walmart’s new global HQ (2025). The asset features 1,989 and 2,190 SF floor plans, direct ground floor entry, & premier unit features offering residents "home style" living with the conveniences of a professionally managed rental community. Parkside Row offers the next investor the opportunity to acquire one of the most prized assets in the state with the immediate opportunity to push rents organically given robust demand (17% in-place renewals).
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Parkside Row
22 Units
215 SE 34th Street
Bentonville, AR  72712
Type: Single Family Rental
Posted: 4/5/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Florida 5 Portfolio. The Florida 5 Portfolio consists of 703 brand new BTR units among 5 different purpose-built detached and townhome BTR communities built by the nation’s largest homebuilder, D.R. Horton. Each asset arrives to market in lease-up and headed towards stabilization with impressive rental growth trends, and each community is poised as a market leader as 1st generation leases turn over at higher rates. The assets are strategically located in the Pensacola, Crestview-Ft. Walton, and Panama City markets which boast double digit YoY rent growth and impressive demographics. The properties are comprised of both townhome and detached BTR units featuring 100% ground floor entry, attached garages, & premiere unit features that offer residents a quality 3, 4, & 5 BR BTR product with professional property management efficiencies. Given the strong, in-place rents and high-quality residences, the Florida 5 Portfolio presents an outstanding opportunity to acquire brand new BTR assets in growing markets. The assets are being offered both individually and as a portfolio.
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Florida 5 Portfolio (5 properties, 703 units)
Parkview at Lynn Haven
100 Units
1009 Parkview Drive
Lynn Haven, FL  32444
Type: Build for Rent
Posted: 5/12/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 112-unit Pecan Acres apartment community located in Lake Charles, LA. This asset is situated just off of Interstate-210 with convenient access to major employers such as Golden Nugget Casino and Sasol Petrochemical. With limited new supply, Lake Charles has seen consistent rent growth. In 2021, new ownership spent $10M+ on fully rehabbing the property including amenities, all roofs and 100% of units. Built in 1982, Pecan Acres offers an outstanding opportunity to invest in a fully renovated turn-key asset with a strong financial trajectory.
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Pecan Acres
112 Units
5020 Pecan Acres Street
Lake Charles, LA  70605
Posted: 4/11/2022

The Cushman & Wakefield St. Louis Capital Market's Team is pleased to offer for sale the 100% fee simple interest in the Pennant Building located at 1701 Locust Street in St. Louis, MO. The building is a premier multifamily/loft redevelopment opportunity positioned in the heart of Downtown St. Louis' "Loft District". As-is, the building contains 76,120 square feet consisting of four stories and a basement level with an additional 8,883 SF penthouse approved. A preliminary redevelopment plan includes 53 multifamily units, four live/work studios, and 36 garage parking spaces. A full set of plans has been approved and will be provided to the buyer.

Fueled by public and private investments, St. Louis is in the midst of a renaissance that is reigniting the growth and vibrancy of the downtown core. Over $8 billion has been invested in downtown since 2000 with $3 billion in development underway or proposed. Among these developments is St. Louis' highly anticipated MLS expansion team's proposed stadium, which is expected to drive significant investments in infrastructure in the surrounding area. The Pennant Building is located just three blocks from the MLS site, offering an exceptionally rare opportunity to acquire an historic building in an area poised for significant growth and long-term appreciation.

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Pennant Building
   
1701 Locust Street
St. Louis, MO  63103
Posted: 5/20/2019
Cushman & Wakefield’s Northern California Multifamily Advisory Group is pleased to present the exclusive opportunity to acquire the 4.48-acre SMART adjacent TOD site in downtown Petaluma, California (the “Property”). This premium development site is physically connected to the downtown Sonoma Marin Area Rail Transit (“SMART”) station as well as the Petaluma Transit Mall. The Property represents the rare chance to develop a legacy project and define the new transit district of a city while capitalizing on the increased renter demand the SMART service is anticipated to generate. The Property is one of only 3 catalyst sites in the TOD Master Plan and approximately 500 feet away from the Petaluma waterfront with all of downtown’s various amenities. This charming North Bay city, well known for its inviting and walkable downtown, enjoys an attractiveness to Bay Area renters who seek a more balanced quality of life and cost of living. As a result, Petaluma is experiencing solid multifamily fundamentals, with both annual effective rent growth and occupancy up considerably over the previous 2 years.
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Under Contract
Petaluma SMART Development
   
315 D Street
Petaluma, CA
Posted: 4/24/2017
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 232-unit Pine Ridge apartment community located in Albany, Dougherty County, Georgia. Built in 1980, Pine Ridge has undergone significant capital improvements, and offers value-add upside. A new investor has the opportunity to finish the in-place renovation program, boost renovations another level and organically push rent an additional $175+, achieving an ROI of 39% without reaching top of market. The community is poised to benefit from several new jobs coming in the next 12 months, including: Phoebe-Putney Health adding 350 new jobs in 2021 and Outdoor Network is investing $22 million and 92 new jobs into the community.
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Pine Ridge
240 Units
333 S. Mock Road
Albany, GA  31705
Posted: 8/27/2021
The Cushman & Wakefield Ohio Multifamily Advisory Group is pleased to present the exclusive listing of Lake Pioneer Apartments, a 68-unit lakefront apartment community located in Pioneer, Ohio. With demand for quality ‘workforce’ rental units in tertiary markets and the potential to upgrade a portion of interior units make Lake Pioneer Apartments an excellent investment opportunity. There is limited rental inventory and steady rent growth in the Pioneer market, and the property is located with easy access to I-80/I-90, retail & restaurants. These factors coupled with a strong surrounding ‘workforce’ demographic profile, have led to a stable historical property performance enabling a new owner to push rents moving forward..

1. HIGH DEMAND MARKET
Lack of ‘workforce’ housing in the area results in consistent 100% occupancy for Lake Pioneer Apartments. New owner will be able to push rents on a consistent basis along with ability to develop additional units on vacant land.

2 . EMPLOYMENT GROWTH
The asset is located 10 minutes away from I-80 / I-90 and 2 major employers, Menards Distribution Center and Wieland Chase employing over 1,600 along with numerous additional employment hubs nearby.

3 VALUE ADD OPPORTUNITY
Lake Pioneer Apartments is an excellent opportunity to acquire a value-add asset. New ownership, due to the lack of available rental product along with investing in a few capital improvements, and minimal interior upgrade, can expect to increase rents up to $100 per month.

4. WATER VIEWS
Majority of the units are located along a large private lake or the St. Joe river offering beautiful and secluded views of nature.
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Pioneer Lake Apartments
68 Units
1000-1095 Lake Shore Dr.
Pioneer, OH  43554
Type: Conventional
Posted: 1/27/2022
Cushman & Wakefield, Inc. is pleased to present the exclusive opportunity to acquire Playa Vista (the Property), a 1990-vintage, value-add, 409-unit apartment community located in the Paradise Valley East Las Vegas submarket of Las Vegas, NV. Las Vegas is one of the fastest growing and best performing multifamily markets in the nation (over 20% year over year rent growth), positioning Playa Vista as a limited-risk investment with superior rent growth prospects and long-term value appreciation potential.
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Playa Vista
409 Units
3700 East Bonanza Road
Las Vegas, NV  89110
Posted: 12/28/2021
Cushman & Wakefield is proud to offer the opportunity to acquire PNC Center at Cascade Plaza located in the heart of Downtown Akron. Constructed in 1969, the 23-story office building is prominently positioned at Cascade Plaza, centrally located along South Main Street. By taking advantage of the momentum in Downtown Akron and pursuing an adaptive reuse plan, the opportunity affords an investor the ability to reposition this iconic property.

1. LOCATION & VISIBILITY
PNC Center at Cascade Plaza is prominently located in the heart of the Akron CBD, which continues to witness private and municipal investment. The property’s strong walkability score and visibility within the CBD are especially attractive for redevelopment possibilities.

2 . ACCESS
The property’s location has nearly instant access to the highway system allowing for convenient access for tenants, residents, and guests.

3 DESIGN
The classic design with window lines on all four sides, providing an abundance of natural light, lends itself well to a variety of uses

4. FLOOR PLANS
The building’s generic floor plan is ideal for an adaptive reuse

5. RECENT UPGRADES
Recent significant upgrades to the HVAC, including new boilers and chillers, and upgrade to LED lighting reduces near-term capital requirement needs

6. UNIVERSITY OF AKRON
Over the past several years the divide between the university and Downtown Akron has been bridged by intentional efforts resulting in a nearly seamless transition between the two areas

7. OPPORTUNITY ZONE LOCATION
Added to the US tax code as part of the Tax Cuts and Jobs Act in December 2017, the goal of the O-Zone program is to incentivize long-term capital investment in designated areas to promote economic development and job creation, specifically through the reallocation of capital gains.
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PNC Center
   
One Cascade Plaza
Akron, OH  44308
Posted: 5/3/2022
Cushman & Wakefield, as exclusive advisor, is pleased to present The Preserve at Lakeland Hills, a 432-unit value-add garden apartment community located in Lakeland, Florida (the "Property"). The Property sits on 23.3 acres with one, two, and three-bedroom floor plans that average 1,053 s.f. The Preserve at Lakeland Hills has an extensive amenity package including a resort-style swimming pool with sundeck and spa, a fitness center with cardio equipment and free weights, BBQ & picnic areas, a business center with workstations, a community game room and lounge, on-site garages, a dog park, a playground, a soccer field, and spacious courtyards and walking trails among other offerings.

The Property has seen surging organic rent growth as new lease trade outs over the last 90 days have averaged 21%. Additionally, there is significant value-add upside to be captured at the Property by upgrading existing units to be inline with market comparables and executing targeted improvements to the common areas. New ownership has the opportunity to renovate approximately 64% of the Property’s units (including standardizing/upgrading partially renovated units) and add additional enhancements to the previously renovated units.

The Property is settled in a unique location within the Lakeland submarket, adjacent to Interstate-4, providing 45-minute access to both the Orlando and Tampa MSAs while enjoying over 7.7 m.s.f. of retail within five miles and 5.2 m.s.f. of office space within seven miles.

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Preserve at Lakeland Hills
Offers Due:  Tuesday, May 24, 2022
432 Units
4920 State Road 33 North
Lakeland, FL  33805
Posted: 4/13/2022

Cushman & Wakefield Multi-Family Advisory Group is pleased to present the opportunity to acquire the PRINT LOFTS a recently constructed, transit-oriented 40 unit apartment community located in downtown Norwood, Massachusetts. The property is steps from the Norwood Central MBTA commuter rail station - offering residents an unmatched commuter location to Boston. The property is strategically located in Norwood’s bustling downtown area, offering residents a vibrant walkable environment replete with cafes, restaurants, shops and entertainment at its front door. Formerly an industrial warehouse building, the charming brick and timber building, originally constructed in 1911, recently underwent a transformative rehabilitation and conversion to multi-family. The boutique apartment community features forty (40) high-end rental units that offer a unique living experience in a true transit-oriented New England town center location.

Print Lofts is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering memorandum (containing property data and financial information) and access to due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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Print Lofts
40 Units
129 Guild Street
Norwood, MA  02062
Type: Conventional
Posted: 5/3/2021
OM AVAILABLE SOON
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 312-unit Seaside Grove at Carolina Forest and 216-unit Providence Park, which can be acquired together or individually. The properties are situated in two of South Carolina’s most admired cities, Myrtle Beach and Columbia. As the fastest growing city in the U.S., Myrtle Beach leads the surge of southern coastal migration posting 51% population growth since 2000, outpacing all other coastal markets. The capital city of Columbia also displays persistent growth through its primary employment sectors of medical, education, and government, with rents projected to rise 21% through 2027. Located in the Carolina Forest and East Columbia communities, residents at the properties enjoy direct access to top-tier retail, premier entertainment options, and seamless connectivity to major economic drivers. The immediate areas surrounding the properties boast high average HHIs ($75k+), dominant white-collar populations (65%), and impressive rent growth (21% avg.), representing the ideal time to own in these thriving pockets of South Carolina. New ownership can benefit from the tremendous upside of the portfolio advantage and implement a Class-A value-add campaign to push rents $430+ in three years, yielding additional revenue for years to come.
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Seaside Grove & Providence Park (2 properties, 528 units)
Providence Park
Offers Due:  Wednesday, June 22, 2022
216 Units
261 Business Park Boulevard
Columbia, SC  29203
Type: Conventional
Posted: 5/17/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group and Larry G. Schedler & Associates, Inc. are pleased to present the exclusive listing of the 168-unit Reflections of Island Park apartment community located in Shreveport, Cado-Bossier City Parish, Louisiana. This asset is situated amongst several large employers including LSU Shreveport, Barksdale Airforce Base (9,000+ employees) and the new Amazon Distribution Center. Strategically located along Highway 71 with easy access to I-20 and 1-49, the property offers connectivity to all of Louisiana. Built in 2007 and well maintained, Reflections of Island Park represents an outstanding opportunity to invest in a value-add potential in an undersupplied submarket.
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Reflections of Island Park
168 Units
2600 Celebration Cove
Shreveport, LA  71105
Type: Conventional
Posted: 3/31/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 298-unit Reserve at 1200 & 1404 apartment communities located in Albany, Dougherty County, Georgia. These assets are situated in the desirable Northwest Albany area along arterial corridor, Whispering Pines Rd, which quickly connects residents to the market’s premier retail and major job hubs, including Pheobe Hospital. Built in 1973 & 1979, Reserve at 1200 & 1404 represent an outstanding opportunity to invest in a moderately renovated, proven value-add primed asset, poised to benefit from the Albany community.
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Under Contract
Reserve at 1200 & 1404
298 Units
1404 Whispering Pines Rd & 1200 Kingtown Ct
Albany, GA  31707
Type: Conventional
Posted: 1/13/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 278-unit Reserve at Garden Lake apartment community located in Riverdale, Clayton County, GA. This asset is situated in the rapidly-expanding Clayton County, where rent growth has climbed 17% over the last 12 months. The area’s performance is propelled by a surge in jobs and industrial growth, making the area a prominent manufacturing and logistics hub. Built in 1991, Reserve at Garden Lake offers an outstanding opportunity to invest in an asset with significant upside potential via an interior value-add program and organic rent growth.
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Reserve at Garden Lake
278 Units
1000 Lake Ridge Parkway
Riverdale, GA  30296
Type: Conventional
Posted: 3/25/2022
Restoration Plaza offers a buyer an opportunity to purchase a 128 - unit Senior Independent Affordable Housing complex with a long-term HAP & 202 PRAC contract. The properties are very well maintained, with strong REAC scores, and are located near major highways and amenities in the Columbus market.

1. HAP & PRAC CONTRACTS
Restoration Plaza I & II consist of 89 units consisting of 79- 1BR & 10 efficiency units that are 100% Project Based Section 8 HAP contract that expires in 2032. Restoration Plaza III is a 39-1BR unit Building under an annual PRAC contract.

2 . STRONG REAC SCORES & OCCUPANCY
Restoration I & II received a REAC score of 89 in January of 2022 and Restoration III in 2019 received a REAC score of 98. Occupancy has historically been near 98% over the past years.

3 WELL MAINTAINED PROPERTY
The community was constructed between 1987-2007 consisting of 3 buildings that are 3-stories each with all brick construction and have been well maintained throughout the years and remain in great condition.

4. NEW DEBT OPPORTUNITY
Restoration I & II offer a buyer an opportunity to place new debt on the asset in order to take advantage of the favorable rate environment. Restoration III was constructed with a Capital Advance Program Loan that will be forgiven as long as housing remains a low-income senior property.

5. CONVENIENT LOCATION
Located North East of Downtown Columbus, residents have easy access to major thoroughfares including I-71. Residents have quick access to shopping, dining and medical facilities throughout the Columbus metro area.
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Restoration Plaza
128 Units
4750-4800 Tamarack Blvd.
Columbus, OH  43229
Type: Affordable Housing
Posted: 3/29/2022
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±3.24 acre multifamily development site located at the southwest corner of Rio Salado Parkway and Perry Lane in Tempe, across from Tempe Marketplace, a 1.3M square foot open-air shopping center with over 100 shops, restaurants and entertainment venues to choose from, including Barnes & Noble, Dave & Busters, Harkins Theatres, DSW, Michaels, PetSmart, RoadRunner Sports, Total Wine and Target, plus dining options such as Barrio Queen, King’s Fish House, Lucille’s Bar-B-Que, Portillo’s Red Robin, Genghis Grill, California Pizza Kitchen, Thirsty Lion and Twin Peaks. The Rio & Perry site is well positioned to take advantage of easy access to the nearby 101 and 202 freeways.
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Under Contract
Rio & Perry Multifamily Development Site
3.24 Acres
Rio Salado Parkway & Perry Lane
Tempe, AZ  85281
Type: Land
Posted: 9/13/2021