An excerpt from the Phoenix Business Journal regarding our next project in Arizona:
Phoenix-based Telis Commercial Real Estate is teaming up with Omaha, Nebraska-based Heritage Communities to develop a $20 million senior living community in Glendale.
Called Orchard Pointe at Arrowhead, the 100-unit senior care facility will be built on land just purchased on 67th Avenue just north of Bell Road in Glendale.
Glendale Heritage LLC paid $2.23 million to LC Coffee of Lincoln, Nebraska for the 3.95-acre parcel.
Greg Hopley, executive vice president with Colliers International’s Scottsdale office, represented the seller in the deal.
He said this is the last of Coffee’s land holdings in the Phoenix area.
Click here to read the full article.