Millburn & Company Acquires Parc Tolleson Multifamily For $62.75M

The $62.75 million sale of Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, Arizona, was facilitated by CBRE. The property, located at 8727 West Mcdowell Road, was acquired by Millburn & Company from Evergreen Devco, Inc. The sale price equated to approximately $243,217 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62,750,000
• Market: Tolleson, AZ
• Units: 258
• Brokers: Asher Gunter, Austin Groen, Matt Pesch, Sean Cunningham, Trevor Breaux & Troy Tegeler - CBRE

Notably, CBRE's Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen represented the seller, Evergreen Devco, Inc., in the transaction. On the buyer's side, Troy Tegeler and Trevor Breaux were responsible for arranging financing for Millburn & Company. This deal underscores the collaborative efforts of multiple brokers to bring about a successful outcome for both parties involved.