Phoenix & Southwest + Apartments | April 28, 2020

Glendale AZ’s Metro at Zanjero Apartments Sell for $55M

San Diego-based Sunroad Enterprises acquired Metro at Zanjero, a 253-unit multifamily community in Glendale, AZ from Private Portfolio Group for $55.4 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch represented the seller.

Located at 9450 W. Cabela Dr., near Westgate Entertainment District, the property was built in 2007. Amenities include an expansive resort-style pool and spa area, a state-of-the-art fitness center, an outdoor sports lounge with fireplace, entertainment bar, and multiple big screen televisions, and barbeque areas with Viking grills. Individual residences feature large walk-in closets, granite countertops, full-size washer and dryer, and a patio or balcony for every unit. Select units include private garages with direct access.

Sunroad Enterprises’ Mike Dow says, “Sunroad previously acquired the adjacent community, Courtney Village, making Metro at Zanjero an excellent opportunity to attain economies of scale in a vibrant submarket.”

This is Sunroad’s fifth acquisition in Phoenix since 2015. The company owns multifamily communities in Glendale, Tempe and Peoria.

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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.

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