CBRE Handles $11.2 Million Sale of Riverview Park Apartment Community in Mesa

Phoenix, Arizona CBRE has arranged the $11.2 million sale of the 69-unit Riverview Park apartment community in Mesa, Arizona. Delaware-based SPRE Riverview, LLC acquired the property from Riverview at Wrigleyville West, L.P., an Arizona limited partnership.

Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix represented the buyer and the seller in the transaction.

Located at 745 North Dobson Road in Mesa, Riverview Park is located south of Sloan Park, the Chicago Cubs spring training stadium, and Mesa Riverview, and nearby to Arizona State University and Tempe Marketplace. The property offers frontage on Rio Salado Parkway and Dobson Road and convenient access to the Loops 101 and 202, the U.S. 60 and Interstate 10.

The property features one- and two-bedroom townhome-style floorplans that range in size from 711 to 1,117 square feet. Exterior amenities include covered parking, a clubhouse, on-site gym and pool.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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