“Jefferson at One Scottsdale is a great example of the health of the Valley’s multifamily sector. Fundamentals that drive multifamily demand in Phoenix are job growth and population growth,” said CBRE’s Cunningham. “This property is located within the Scottsdale Airpark office submarket, which is home to over 70,000 jobs, major corporate employers and several corporate and regional headquarters. As the Valley’s economy continues to improve and with healthy job growth in Scottsdale, Jefferson at One Scottsdale is well positioned to capitalize on sustained demand for multifamily housing.”
Developed in 2014 by JPI, Jefferson at One Scottsdale is located in the desirable Scottsdale Airpark submarket. Units offer large open floor plans with premier interior finishes including granite and quartz countertops in kitchens and baths, stainless steel appliances with double ovens, pendant and under-cabinet lighting, crown molding, premium wood-inspired plank flooring. They units also offer residents full-size washers and dryers, private balconies and patios with storage, and stunning McDowell mountain views.
Jefferson at One Scottsdale is part of the 120-acre One Scottsdale mixed-use development that is zoned for 1.8 million square feet of specialty retail, dining and Class A office space, as well as a 400-room boutique hotel. The property is also within minutes of the high-end retail and entertainment areas of Scottsdale 101, Kierland Commons, Scottsdale Quarter and the Promenade.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.