Broadstone Roosevelt Row Purchased for $84.2 Million

Phoenix, Ariz. – Cushman & Wakefield represented Alliance Residential Company in the sale of Broadstone Roosevelt Row, located at 330 E. Roosevelt Street in Phoenix. AZ Roosevelt Row Apartments LLC – an entity formed by Weidner Investment Services, Inc. of Kirkland, Wash. – purchased the property for $84.2 million.

Executive Managing Directors David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller. 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.”

The community offers a mix of studio, one-, two-, and three-bedroom floor plans at an average size of 865 square feet. 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.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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