The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 28, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
AZ Residential Community Gets New Owner in $84 Mil Transaction


Broadstone Roosevelt Row, a new, 316-unit Class A, luxury rental community centrally located in the heart of Downtown Phoenix’s iconic Roosevelt Row Arts District, changed hands in an $84.2 mil ($266.5k/unit) transaction. The asset, located at 330 E. Roosevelt St, was acquired by AZ Roosevelt Row Apartments LLC – an entity formed by Weidner Investment Services Inc of Kirkland, WA.

Part of one of the only true urban, walkable neighborhoods in Phoenix, Broadstone Roosevelt Row is steps from art galleries, restaurants, retail shops, bars and entertainment venues. The community offers a mix of studio, one-, two-, and three-bedroom floor plans at an average size of 865 sf.

Each apartment features gourmet kitchens with gas cooktops, energy star GE stainless-steel appliances, quartz countertops, wood-style flooring, front-load washer/dryers in units, USB charging outlets and nest thermostats. Select units also include 19-foot ceilings, wine refrigerators, walk-in closets, Sonos sound system and personal balconies/patios.

In addition to the surrounding/walkable amenity base, Broadstone Roosevelt Row features a pool and spa with private cabanas, state-of-the-art fitness facility with an outdoor yoga lawn, furnished rooftop deck with fire pits and barbeques, complimentary resident beach cruisers, smartphone resident access system, and a two-story clubhouse with chef’s kitchen, coffee bar, oversized TV, classic arcades and billiard games.

David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller, Alliance Residential Company. Fogler commented, “Broadstone Roosevelt Row is a true best-in-class urban multifamily community. Located in the heart of Roosevelt Row, the property also occupies one of the best locations in the Phoenix area.”

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media