Cushman & Wakefield Negotiates Sale of 130-Unit Apartment Community

PHOENIX, July 6, 2017 – Cushman & Wakefield announced the $9.3 million sale of Summerhill Apartments, a 130-unit apartment community located at 2925 N. Greenfield Road in Phoenix, to Phoenix-based Pacific Real Estate Partners.

Brett Polachek and Jim Crews from the Cushman & Wakefield Phoenix office represented the seller, Summer Hill URMTA LLC of Mesa, Ariz.

Summerhill Apartments is a three-story, eight-building community totaling 97,040 square feet and includes two swimming pools, two laundry facilities, covered parking, a sundeck and is adjacent to the Grand Canal fitness trail. Built in 1970, the garden-style community offers one- and two-bedroom floor plans with an average unit size of 746 square feet. Each unit features gourmet kitchens with stainless steel appliances, update cabinetry, granite countertops, ceramic tile flooring and walk-in closets.

Centrally located in Phoenix, Summerhill Apartments is situated in a desirable neighborhood at the crossroads between the Biltmore, Arcadia, Midtown and Downtown neighborhoods of Metro Phoenix. The property is conveniently located near the convergence of SR-51, Loop 202 and Interstate 10.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 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. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.