Phoenix – June 27, 2016 – CBRE has completed the sale of Fountain Palms, a 192-unit multifamily community located at 8820 W. Bell Road in Peoria, Ariz.
Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction on behalf of the seller. The buyer was Investors Capital Group of Seattle, WA.
Fountain Palms is located in the desirable Arrowhead submarket, which features more than three million square feet of retail space, much of which is within a five-minute drive-time of Fountain Palms. Additionally, the community’s location along the Loop 101 Freeway provides residents convenient access to numerous major employment hubs.
The community features mature landscaping and attractive common area amenities including two pools with spas, 24-hour fitness center, and a resident clubhouse. Individual residences feature nine-foot and vaulted ceilings, full-size washer/dryers, walk-in closets and private patios/balconies.
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 2015 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.
