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7/19/23
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Starpoint Properties has obtained $52 mil in construction financing for Dobson Station, a 245-unit multi-housing development set to deliver in 2024 in Mesa, AZ. JLL’s Jeff Sause, Wyatt Strahan and Elle Miraglia arranged the financing through a debt fund.
Upon completion, Dobson Station will be a four-story, Class A multi-housing asset comprised of studio, one- and two-bedroom units. Planned amenities include a fitness center, clubhouse, coworking facility and group kitchen. On-site parking will consist of a mix of tuck-under and grade-level parking.
Dobson Station is located at 139 North Dobson Rd, directly adjacent to a Safeway grocery store and within immediate proximity to Tempe Marketplace. The transit-oriented property is walkable to the Metro Phoenix light rail stop with access to Downtown Mesa, Arizona State University, Phoenix Sky Harbor Airport and Downtown Phoenix. Additionally, Dobson Station is close to State Route 101 and 202 providing vehicular access to the greater Phoenix metropolitan area.
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