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6/12/26
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MacNaughton has acquired Residences Kierland, a 290-unit luxury multifamily community in North Scottsdale, AZ. Completed in 2022, Residences Kierland is located at 15825 N. 71st St, west of Scottsdale Rd and south of Bell Rd. The price was not disclosed.
Residences Kierland consists of one- and two-bedroom floorplans that feature gourmet kitchens with quartz countertops, a GE Café appliance package, wine fridges, vinyl plank flooring, illuminated bathroom mirrors and smart lock keyless entry systems. Additionally, the property offers seven two-story townhomes, each averaging 2k sf, with direct access and a two-car garage.
The community has an elevated pool deck with private cabanas, a bike room and a pet spa with a full washing station and electric car chargers. Residents also have access to a 24-hour fitness center and yoga studio.
Residences Kierland also feature The Retreat, a full-service spa. The Retreat includes heated loungers for relaxation, a nail salon, individual massage rooms, a sauna and steam room with aroma-infused oils, a cool-mist room, a salt therapy room and hot and cool pools in a secluded outdoor space.
Residences Kierland is in the heart of Kierland’s high-end retail core. Kierland Commons and Scottsdale Quarter are blocks away from the community, offering residents high-street retail and fine-dining destinations.
CBRE’s Asher Gunter, Matt Pesch and Austin Groen represented the seller, Quarterra. Bruce Francis, Doug Birrell, Bob Ybarra, Shaun Moothart and Nick Santangelo with CBRE’s Debt & Structured Finance practice facilitated debt financing for the buyer.
“Residences Kierland is a generational core asset in a submarket defined by premier retail and a concentration of high-wage employment,” said Gunter, Vice Chairman at CBRE. “Quarterra built an exceptional property, and the strong investor interest reflected the community’s appeal.”
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