NorthMarq’s Phoenix office arranges sale for the $53.5 million Cinnabarr Apartments in Phoenix, Arizona

Cinnabarr Apts
Investment Sales - Multifamily
Multi-Tenant
Multifamily
Sale
Other
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PHOENIX, ARIZONA (December 16, 2020) – NorthMarq’s Phoenix investment sales team of Trevor Koskovich, president, Bill Hahn, executive vice president and Jesse Hudson, vice president brokered the $53.5 million sale of the Cinnabarr Apartments on December 10th, 2020. The 430-unit multifamily property is located at 4141 West Glendale Avenue in Phoenix, Arizona. NorthMarq represented both the buyer, Tides Equities, LLC and the seller, JK Residential Services, Inc.  

“Cinnabarr is one of 16 transactions and 3,338 units sold by NorthMarq’s Phoenix Investment sales team in quarter four alone,” says Koskovich. “The multifamily asset class preserves a strong performance through an otherwise uncertain year with an optimistic trajectory ahead.” 

Tides Equities plans to reposition the asset with their standard interior and exterior renovations. They have already renamed the property as Tides at East Glendale. 

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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