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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.
Rio & Perry Multifamily Development Site
3.24 Acres
Rio Salado Parkway & Perry Lane
Tempe, AZ  85281
Type: Land
Posted: 9/13/2021
University Villa at Ironwood is a 140-unit/484-bed, purpose built student apartment community located at the northwest corner of Ironwood Hill Drive and Greasewood Road in Tucson, Arizona, approximately 4 miles west of the University of Arizona. This outstanding location is within walking distance of a grocery store, with nearby access to the I-10 and I-19 freeways, shopping, restaurants, banks and parks. New ownership has the strategic opportunity to implement a renovation program to enhance the property’s overall market position within the Tucson student housing submarket. University Villa at Ironwood has tremendous potential to unlock value by upgrading the unit interiors.
University Villa at Ironwood
140 Units | 484 Beds
2550 West Ironwood Hill Drive
Tucson, AZ  85745
Type: Student
Posted: 7/6/2021

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.

Under Contract
202 Units
11100 N. 115th Street
Scottsdale, AZ  85259
Type: Conventional
Posted: 3/9/2021

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.

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.

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