TUCSON, AZ (April 2, 2026) — Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving institutional clients, announced the sale of Brookwood, a 272-unit multifamily community at 201 S. Kolb Rd. in Tucson, for $28.25 million.

The March 19 investment sale works out to about $103,860 per unit and $138.76 per square foot for the 203,586-square-foot property, which sits on 9.93 acres. The seller was VP Brookwood LLC, c/o Stoneweg US LLC of St. Petersburg, Florida. The buyer was AndMark Brookwood Apartments LLC, c/o AndMark Investment Fund VII LLC of Los Angeles.

Marcus & Millichap’s Tucson office, working through IPA, handled the listing. Clint Wadlund and Hamid Panahi represented the seller and procured the buyer.

“Brookwood is well-positioned within East Tucson and benefits from proximity to multiple employment sectors, including healthcare, business and professional services, retail, and hospitality, offering residents access to approximately 3,200 employers and more than 77,000 jobs,” said Clint Wadlund, IPA managing director investments.

“This acquisition reflects the continued confidence investors have in Tucson’s multifamily fundamentals,” said Hamid Panahi, IPA senior managing director investments. “With a diversified employment base and sustained renter demand, Tucson continues to attract long-term capital. The buyer has been steadily expanding its footprint in the market, and this transaction reinforces its commitment to investing in Tucson’s long-term growth.”

The property is on Kolb Road just south of Broadway Boulevard, with access to Downtown Tucson and Interstate 10. Nearby employers include Raytheon, Davis-Monthan Air Force Base, Banner Health, Tucson Medical Center, and Carondelet Health Network.

Built in 1973, Brookwood is a two-story, garden-style apartment community with 23 apartment buildings and a unit mix of 176 one-bedroom and 96 two-bedroom apartments. The weighted average unit size is about 760 square feet. Amenities include a clubhouse, pool and spa, fitness center, EV charging stations, laundry facilities, courtyards, covered parking, and a dog park.

The buyer is not new to Tucson. Los Angeles-based AndMark Management Company focuses on workforce-oriented multifamily housing in smaller and mid-sized U.S. cities, targeting markets where it sees demand supported by steady middle-income employment and returns driven by cash flow and value-add improvements.

AndMark has already built a notable Tucson footprint with properties including Paragon on Pima, Copper Creek Apartments, San Marin Apartments, and Palomino Crossing. The firm also owned Paseo del Sol, a 152-unit Tucson apartment community, which it sold in 2022 for $33.6 million.

For more information, Wadlund can be reached at 520.349.0621 and Panahi at 520.719.6511.

Class A Metro Phoenix development transforms vacant school campus into mid-sized industrial property

PHOENIX, Arizona, (April 2, 2026) – Leading Phoenix-based general contractor Stevens-Leinweber Construction (SLC), representing Merit Partners Inc., has completed and delivered Merit 27 Buckeye, a unique industrial infill redevelopment that is now fully leased in Phoenix’s emerging 27th Avenue Corridor.

Located on 18 acres at the southeast corner of 27th Avenue and Buckeye Road, Merit 27 Buckeye transforms a former and vacant Murphy Elementary School District campus into a modern, two-building, 256,813-square-foot industrial property within a re-emerging commercial area.

The project is supported by a City of Phoenix initiative for ongoing beautification within the 27th Avenue Corridor, designed to add roadway capacity, improve safety and access, and elevate visual appeal through elements such as new sidewalks, ADA ramps, traffic signals, and street lighting.

“Merit 27 Buckeye was an exciting assignment for our team,” said Stevens-Leinweber Construction Executive Vice President Erik Powell. “It highlights Merit’s dedication to delivering all categories of Class A metro Phoenix industrial space, including adaptive, forward-looking developments like this one. It was a great effort that has created a productive new chapter for this strategic land site.”

Before construction could begin, the Merit 27 Buckeye site required six months of extensive demolition and remediation to make the land shovel-ready. This included clearing 12 buildings that had been vacant for several years, cutting back old utilities to the main source, and installing a new water line and meters. In the process, SLC and Merit made the project’s original buildings available to the Phoenix Fire Department for critical hands-on training.

Now complete, Merit 27 Buckeye spans two fully modernized buildings, a 191,227-square-foot Building A and a 65,586-square-foot Building B, at 1515 S. 27th Ave. and 2675 W. Buckeye Rd.

Meeting contemporary standards for efficiency, sustainability, and tenant satisfaction, the buildings feature 32’ to 36’ clear height, 59 total dock-high and eight total drive-in doors, ESFR sprinklers, and generous and secure auto and truck parking. Energy-efficient features include LED lighting, R-38 and R-11 insulation, exterior canopies for heat mitigation, and clerestory windows to increase natural interior light.

These advantages propelled the project to 100% occupancy, with Building A fully leased to Daikin and Building B fully leased to Mazak, Reliable Garage Doors, Hajoca and Impilo Inc.

SLC served as the general contractor for Merit 27 Buckeye. Butler Design Group is the architect. Jackie Orcutt, John Werstler, Cooper Fratt and Jonathan Teeter of CBRE are the project’s exclusive leasing brokers.

Merit 27 Buckeye sits in the heart of Phoenix’s transportation network. It is less than one mile west of Interstate 17, two miles south of Interstate 10 and four miles east of the Loop 202 South Mountain Freeway, a new 22-mile extension linking the East and West Valleys. Merit 27 Buckeye is also minutes from Phoenix Sky Harbor International Airport and a host of supporting regional airports.

TUCSON, Ariz. (April 2, 2026) – The University of Arizona (UA) Tech Park is pleased to welcome Arteris Bio, a life sciences company developing advanced topical technologies focused on skin physiology, microcirculation, and peripheral comfort. The company is led by founder and CEO Bruce Register, Ph.D., whose more than 30 years of experience span scientific research, global pharmaceutical leadership, and entrepreneurial ventures.

Arteris Bio is moving forward with Redoxiv, a new topical platform created to help keep skin healthy and comfortable. The company combines research and product development in the United States with clinical work overseas, allowing it to test and refine its technology efficiently while upholding high scientific and regulatory standards.

Redoxiv features a recently patented formulation that incorporates amino acid–based systems, bioactive cofactors, and lipid-compatible delivery components, designed to support localized physiological function, oxidative balance, and skin barrier dynamics. Early-stage internal studies have demonstrated measurable localized physiological effects, supporting continued development and evaluation.

“We chose to relocate from California to the UA Tech Park because it offers not only an exceptional environment for science-driven companies, but also a significantly more capital-efficient path for building and scaling a life sciences business,” said Dr. Register. “Its collaborative ecosystem and proximity to academic and clinical expertise make it an ideal setting as we advance our topical technology platform. This is about more than a single product—we are building a platform to unlock entirely new approaches to supporting both localized and potentially systemic physiological function through topical science.”

After decades spent advancing therapies within both startup environments and Fortune 500 pharmaceutical companies, Dr. Register founded Arteris Bio to pursue an innovation that is both scientifically rigorous and commercially scalable. As the company expands its presence at UA Tech Park, it is focused on building the infrastructure and partnerships necessary to support continued development and future market entry.

Arteris Bio’s arrival further reinforces UA Tech Park’s role as a catalyst for translating scientific innovation into real-world applications. By joining the UA Tech Park community, the company is positioned to accelerate development, foster collaboration, and expand access to innovative, non-invasive topical technologies worldwide.