Cushman & Wakefield Negotiates Land Sale on Behalf of Nile Housing Partners

PHOENIX, Oct. 21 , 2015 – Cushman & Wakefield, a global leader in commercial real estate services, announced today that Native American Connections, LLC has purchased 1.76 acres at 1537 W. Camelback Rd. for $1.1 million

Cushman & Wakefield Vice Presidents Brian Rosella and Will French represented Nile Housing Partners L.P. of Phoenix, seller of the property.

NAC“Native American Connections plans to take advantage of the property’s great location next to the Light Rail and plans to build a 55-unit apartment project,” said Mr. Rosella. “We have seen impressive demand for multifamily housing along the Light Rail routes. This parcel provides an ideal opportunity for in-fill development in Central Phoenix.”

Native American Connections is a Phoenix-based, non-profit organization that focuses on improving the lives of individuals and families through Native American culturally appropriate behavioral health, affordable housing and community development services.

The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.

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.