Cushman & Wakefield Negotiates Purchase of El Conquistador Apartments

PHOENIX, July 11, 2017 – Cushman & Wakefield announced that Scottsdale-based CCA-El Conquistador Apartments, LLC purchased El Conquistador Apartments, located at 1881 East Irvington Road in Tucson, Arizona, for $7.5 million from Oksenholt F&S Tucson I LLC of Lincoln City, Oregon.

David Fogler, Steven Nicoluzakis, Brent Mallonee, Chris Hollenbeck and Regan Amato of Cushman & Wakefield represented the buyer.

“The El Conquistador represented an excellent value-add opportunity for the buyer, who was attracted to the property because of the quality of the asset and the location,” said David Fogler.

El Conquistador is a 201-unit, garden-style apartment community consisting of 12, two-story buildings. Spanning 6.75 acres, the property is approximately 81,074 square feet and features studio, one- and two-bedrooms in four individual floor plans averaging 403 square feet. Located in southern Tucson, El Conquistador is on the northwest corner of Campbell Avenue and Irvington Road.

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.