Cushman & Wakefield Represents Seller in Land Transaction for Future Apartments
PHOENIX, March 3, 2016 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Mark-Taylor Development, Inc. acquired ±20 gross acres from Crisko, LLC for $5.4 million. The Arizona-based developer announced plans to build a 346-unit apartment complex at the site on the southeast corner of U.S. Highway 60 and Greenfield Road in Mesa, AZ.
The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented Crisko, LLC in the transaction.
“This property offered both excellent access, with the full-diamond interchange at U.S. 60 and Greenfield, and excellent proximity to both Banner Gateway Hospital and Banner MD Anderson Cancer Center, which are immediately east of the site,” said Mr. Moser. “In conjunction with the planned expansion of the hospital and the recent expansion of MD Anderson‘s campus, Banner will be adding an additional access road off of Greenfield that will provide a second access point for the apartment complex.”
The Cushman & Wakefield team of Moser, Sutton and Griffith is currently marketing several land parcels contiguous to the Mark-Taylor site, ranging from ±2.5 to ±10 acres for hospitality and medical related uses. For more information contact them at (602)954.9000.
Mark-Taylor Development is an Arizona-based corporation established in 1985. To date they have developed over 19,000 apartments units in the Southwest. For more information visit www.mark-taylor.com.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.