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Centerra is a 202-unit, garden-style apartment community located near Frank Lloyd Wright Boulevard and Shea Boulevard in Scottsdale, Arizona. This location offers residents easy access to employment, high-end shopping, outstanding dining experiences, nightlife and recreation in Scottsdale. The property has been renovated, with all 202 units upgraded.

An Albertsons grocery store is immediately north of the property and a Safeway grocery story is to the west, both within walking distance. Cholla Park and Ancala Country Club are minutes away, as well as dining options such as The Americano, Rosati’s Pizza, Cold Beers & Cheeseburgers, Vito’s Italian Ristorante, First Watch and Blue Adobe Santa Fe Grill. Scottsdale Fashion Square, Kierland Commons, Scottsdale Quarter, Paradise Valley Mall and High Street are all within a short drive of Centerra.

Centerra offers residents two resort-style pools and spas, fire pit with surround seating, barbecue/picnic area, newly designed fitness center with free weights, off-leash dog park and covered parking.

Interior amenities include washers/dryers, Whirlpool stainless steel appliances, microwaves, granite countertops in kitchens, new cabinets in kitchens and baths, walk-in closets, wood-style flooring, window coverings, extra storage, carpeting, and private patios/balconies. Ceiling fans and wood burning fireplaces are offered in select units.

All 202 of the unit interiors have been recently upgraded and a significant portion of the exterior and common areas have been upgraded. Please see pages 10-11 for a list of the recently completed upgrades and enhancements.

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Centerra
Offers Due:  Thursday, April 15, 2021
202 Units
11100 N. 115th Street
Scottsdale, AZ  85259
Type: Conventional
Posted: 3/9/2021

Broadstone Rio Salado is a 276-unit Class A apartment community located in Tempe, Arizona. Completed in 2020, Broadstone Rio Salado was developed by Alliance Residential, one of the nation’s leading multifamily developers. Tempe is widely regarded as the Phoenix area’s most dynamic submarket and Broadstone Rio Salado is well positioned to take advantage of its exceptional location at the intersection of the 101 and 202 freeways.

Tempe features some of the Phoenix areas most prominent employers such as State Farm, SRP, Microsoft, Amazon.com, LifeLock, DHL Express, JP Morgan Chase, Comtech Data and Carvana. Tempe is the top submarket for employment growth, with Class A office developments such as Hayden Ferry Lakeside, Rio 2100 and The Watermark, as well as future office developments, including 100 Mill, Novus and Union. Tempe is home to a major recreational source in Tempe Town Lake, and the nation’s largest university, Arizona State University.

Broadstone Rio Salado offers its residents eleven studio, one bedroom and two bedroom floor plans featuring top of the line interior finishes, extensive indoor and outdoor amenities, convenient surface parking and a high-end exterior design. Broadstone Rio Salado is a surface-parked community featuring elevator access to each floor.

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Broadstone Rio Salado
276 Units
2325 East Rio Salado Parkway
Tempe, AZ  85281
Posted: 1/19/2021

Cactus Forty-2 is a 200 unit Class A apartment community located on Cactus Road, just west of Tatum Boulevard and nearly adjacent to Paradise Valley Mall in Phoenix, Arizona. This outstanding location provides immediate access to high-end entertainment, shopping, dining, large employment centers, excellent freeway access and unsurpassed drive-by exposure.

Completed in 2014, Cactus Forty-2 offers its residents contemporary urban architecture, a high level of finish in the unit interiors and excellent amenities including a resort-inspired pool and spa, outdoor kitchen, outdoor fireplace and social gathering space, fitness center with on-demand fitness classes, clubhouse with Wi-Fi internet access and unique “living wall” and a pet park.

Interior amenities include nine-foot ceilings, eight-foot entry doors, hardwood-inspired flooring, Shaker-style cabinet doors, granite countertops, stainless steel appliances, washer/dryers and under-mounted sinks, designer accent walls, marble bath vanities and dual-pane glass. Select units include large soaking tubs, subway-style tile shower surrounds and private balconies/patios.

Residents also enjoy gated access, covered parking, lush landscaping and views of the Phoenix Mountain Preserve.

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Cactus Forty-2
200 Units
4242 East Cactus Road
Phoenix, AZ  85032
Posted: 2/2/2021
Centra is a newly completed, LEED certified, 223-unit, Class A luxury apartment community located along the Light Rail route and steps away from the Osborn & Central Light Rail station. With frontage on Central Avenue, Centra is ideally located in the highly desirable Midtown section of Phoenix. Centra is located in the heart of one of the strongest office centers and medical hubs in the Phoenix area, and within close proximity to a variety of dining, shopping and entertainment venues, as well as the Downtown Phoenix campus of Arizona State University. Centra offers residents a mix of one and two bedroom thoughtfully designed floor plans and superior amenities and offers investors a rare opportunity to acquire a brand new Class A property in a premier Phoenix location.
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Centra
223 Units
3601 North Central Avenue
Phoenix, AZ  85012
Type: Conventional
Posted: 1/3/2021

Cushman & Wakefield is pleased to present a unique opportunity to obtain a 99-year, prepaid ground lease for a ±1.9 net acre, mixed-use development block within the Novus Innovation Corridor at Arizona State University.  This rare opportunity is for Parcel 3A, located on the southwest corner of 6th Street and Rural Road, immediately north of the University Drive light rail station.

Novus Innovation Corridor is a 350-acre, mixed-use development planned for approximately 10 million square feet along Tempe Town Lake, including State Farm’s 2.1-million-square-foot Marina Heights regional office. Strategically integrated with Arizona State University (ASU), wholly on university-owned land, Novus is managed by master developer Catellus, a national leader in the development of urban mixed-use communities.

Parcel 3A is located within Phase III of the Novus Innovation Corridor.  Phase III features the initial portion of a multi-block, Main Street urban retail district called Novus Place.  Stretching from University Drive on the south to Rio Salado Parkway on the north, Novus Place will provide shopping, dining, entertainment and strolling opportunities in an environment that features enhanced paving, landscaping and other pedestrian amenities.  Phase III also includes one million square feet of mid-rise, Class A office space, urban residences, hotel rooms, and a diverse collection of retail shops and restaurants in a walkable, compact, urban setting just north of the University Drive Metro Light Rail station.

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Parcel 3A - Novus Innovation Corridor
1.9 Acres
SWC 6th Street & Rural Road
Tempe, AZ  85281
Type: Land
Posted: 9/3/2019

Cushman & Wakefield is pleased to present a unique opportunity to obtain a long-term, prepaid ground lease for a ±1.0 net acre, high density multifamily development site within Arizona State University’s Novus Innovation Corridor. This rare opportunity is for Parcel 3F located on the southwest corner of 6th Street and Packard Drive, immediately north of the University Avenue Light Rail Transit Station.

Novus Innovation Corridor is a 350-acre master planned, mixed use development planned for approximately 10 million square feet along Tempe Town Lake, including State Farm's 2.1-million-square-foot Marina Heights regional office. Strategically integrated with Arizona State University (ASU), wholly on university-owned land, Novus is managed by master developer Catellus, a national leader in the development of urban mixed-use communities.

Novus is a unique opportunity to develop the 21st century urban community on an infill canvas in the center of one of the nation's largest and fastest growing metropolitan areas. The development will include a variety of urban neighborhoods that feature office, retail, hospitality and residential activities, creating the potential to bring more than 30,000 new jobs and 5,000 new residents to the thriving Tempe community.

Tempe, one of the Phoenix area’s most dynamic environments, features a large, educated workforce of over 200,000 people, a diverse mix of major employers including State Farm Insurance, First Solar, Amazon, Microsoft, ZipRecruiter, Chase Bank, Edward Jones, Medtronic and Wells Fargo among others. In addition, Tempe offers major events at venues such asvASU Gammage, Tempe Town Lake, Tempe Center for the Arts and at the various ASU athletic facilities. Tempe is also recognized as being the most bikable and walkable community in the Phoenix area.

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Under Contract
Parcel 3F - Novus Innovation Corridor
1 Acres
NWC 6th Street & Packard Drive
Tempe, AZ
Type: Land
Posted: 9/23/2018
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±4.66 net acre multifamily development site located in the highly desirable North Scottsdale area. The site is located on 90th Street, east of the Loop 101 Freeway between Raintree Drive and Frank Lloyd Wright Boulevard and consists of ±202,946 square feet of developable land.

Known as the "West’s Most Western Town", Scottsdale is a combination of cowboy culture and haute couture. Home to Arizona’s finest shopping and dining, Scottsdale offers hiking trails, award winning resorts and acclaimed art galleries for its residents that enjoy a quality of life like no other. Capturing the national spotlight, Scottsdale showcases an eclectic mix of sport and cultural events that draw thousands of spectators annually. Scottsdale boasts first-rate resorts, world-class events, sophisticated arts, lively nightlife, diverse shopping and epicurean feasts and is known for its refined spas, upscale wine bars and shopping plazas with luxury boutiques.

With its affluent population and large employment base, Scottsdale maintains a competitive edge in attracting new retailers, company headquarters, technology and biomedical industry leaders. The city enjoys the largest concentration of Class A Office space in the region. It has a highly developed workforce, enviable business infrastructure and transportation links, including a world-class executive airport. All of these factors combined create a thriving location for business that is attractive to employees and employers. The diverse economy is based on medical research, high-tech innovation, tourism and corporate headquarters. Scottsdale is home to nearly 18,000 businesses, over 150,000 jobs and more than 20% are Arizona corporate headquarters.

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Under Contract
90th St & Raintree Drive
4.66 Acres
N/NWC 90th Street & Raintree Drive
Scottsdale, AZ  85260
Type: Land
Posted: 1/15/2019