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Evergreen Devco Spins Off 258-Unit Phoenix-Area Apartments
CBRE facilitated the $62.75 million sale of Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, Ariz. A CBRE team of Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented Evergreen Devco, the seller, in the sale. Troy Tegeler and Trevor Breaux, with the CBRE debt & structured finance team, arranged financing for Millburn & Company. Tolleson is 20 miles west of Phoenix.
Completed in 2023, the garden-style community features one-, two- and three-bedroom floorplans, averaging 961 square feet.
At 8727 West McDowell Road, Parc Tolleson is located at the Loop 101 and Interstate 10 intersection, which connects the property to the Westgate Entertainment District and larger employers. Tolleson is 20 miles west of Phoenix.
Parc Tolleson’s community amenities include a resort-inspired pool deck with fireplace lounges and poolside dining areas, EV charging stations, a pet spa, and a 24-hour fitness center. Parc Tolleson also features a clubhouse with gaming tables, seating areas, and a coffee bar.
- ◦Sale/Acquisition
