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Pterodactyl Holdings Sells 34,798 sf Development Site in Downtown Phoenix to Arizona Board of Regents

Posted by   /  April 20, 2016  /  No Comments

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Cushman & Wakefield Represents Seller in Land Transaction

(NEWS RELEASE) PHOENIX, April 19, 2016 – Cushman & Wakefield announced today that the Arizona Board of Regents acquired 34,798 square feet (sf) of land at 1st Avenue, near Fillmore Street, from Pterodactyl Holdings (Phoenix), LLC for $4.65 million.

The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented Pterodactyl Holdings (Phoenix), LLC in the transaction. The 1st Avenue/Fillmore Street assignment generated numerous offers within days of marketing commencement from groups looking to build high-rise student housing, conventional apartments, condominiums and micro-housing units. With proximity to central station along with ASU’s downtown Phoenix campus, the site offers unmatched walkability to jobs, mass transit and urban core amenities.

“The Arizona Board of Regents has not yet disclosed how it’s going to use the newly acquired land but with the parcel being in excellent proximity to the existing ASU downtown campus, located across from the Civic Space Park and just north of the downtown YMCA, we could see future expansion,” said Brent Moser, Executive Managing Director.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter

The Cushman & Wakefield team of Moser, Sutton and Griffith is currently marketing several land parcels. For more information contact them at (602) 954-9000.

The Arizona Board of Regents is the governing body of Arizona’s public university system, providing policy guidance to Arizona State University, Northern Arizona University, the University of Arizona and their branch campuses. For more information visit www.azregents.edu

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