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Fairfield Claims Newly Built Tempe MF for $73M

Fairfield Residential acquired Jefferson Town Lake, a 244-home, 1.6-acre luxury apartment community in Tempe from Irving, TX-based JPI, reportedly for $73 million. The property at 909 E. Playa Del Norte Dr. is one of only five multifamily communities located on the banks of Tempe Town Lake and was completed last year.

Unit floorplans include studio, one- and two-bedrooms, as well as penthouse apartments spread across the six- and seven-story building. Amenities include condominium-level finishes, nine-foot ceilings, wood-style flooring, balconies and gourmet kitchens featuring quartz countertops, gas stovetops, under-cabinet lighting and wine refrigerators. Community amenities include a rooftop terrace with lake views, a pool and spa deck, a state-of-the-art fitness center, an onsite convenience store kiosk, and a resident clubhouse.

The property at North Scottsdale Road and East Playa Del Norte Drive offers direct access to Loop 202 and is near corporate HQ’s of State Farm Insurance, Union Bank and JP Morgan, as well as within walking distance of ASU’s Tempe campus.

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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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