February 23, 2026 7:12 pm
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3.88 acres at The Watermark Tempe sold for $14.7 million

Aura Watermark

Real Estate News Daily

Cushman & Wakefield Negotiates Land Sale on Behalf of Fenix Development for Aura at Watermark

PHOENIX, Arizona – Fenix Development and Cushman & Wakefield announced today that 3.88 acres at The Watermark | Tempe sold to Dallas-based Trinsic Residential Group for $14.7 million ($87 PSF). The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the seller, Los Angeles-based Fenix Development in the transaction.

Aura at Watermark, the high-rise apartment tower of The Watermark | Tempe development, will offer 360 luxury apartments. The seven-story building will offer 23 floor plans with units ranging from 582-square-foot (sf) studio apartments to 2,282 sf penthouses, providing diverse options for a broad range of tenants.

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