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Enclave at Arrowhead for Sells for $63M

Enclave at Arrowhead, a 240-unit multifamily community in Peoria, traded hands for $63 million. R&V Management and Wermers Properties divested the 2006-built property to an unnamed private family buyer.

Located at 8092 W. Paradise Lane, the property is within the P83 Entertainment District adjacent to Arrowhead Towne Center. Residents can walk to more than 2.4 million square feet of retail and entertainment amenities including the spring training facilities for the San Diego Padres and Seattle Mariners.

Amenities include a fully equipped fitness center, leasing center, swimming pool area and resident clubhouse. Roughly half of the units are townhome-style with direct-access garages.

CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch, and Mark McFate represented the seller.

Cunningham says, “R&V Management completed transformational upgrades to the amenities that added tremendous value and positioned the community to better compete in the market. Enclave at Arrowhead’s quality upgrades, further upside potential and advantageous location attracted significant interest.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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