Phoenix, AZ. (October 8, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $8,100,000 / $126,563 Per Unit / $186.49 Per SF sale of Equinox on 5th Apartments, a 64-unit multifamily apartment community located in Tucson, Arizona. Facilitating the transaction was ABI Multifamily’s Phoenix-based Institutional Arizona Team – Alon Shnitzer, Rue Bax, Eddie Chang, Doug Lazovick, and Tyler Bruggman, in collaboration with ABI Multifamily’s Tucson Apartment Team – Desiree Palmer and Ryan Kippes.

The Buyer and Seller are based in California.

Equinox on 5th Apartments is a 64-unit, multifamily community located in the East Central Tucson submarket of Tucson, AZ. Ideally situated on East 5th Street just west of North Alvernon Way, the property is within one block of Reid Park, less than two miles from the University of Arizona and Park Place Mall, four miles from Downtown Tucson, and eight miles from the Tucson International Airport. A variety of shopping, dining, and entertainment options are available nearby at both the El Con Center Mall and Park Place Mall which includes Dillard’s, Total Wine & More, Sephora, Banana Republic, Old Navy, Yard House, Round1 Bowling & Arcade, and Cinemark Century movie theater.

The Equinox on 5th Apartments features a total of 10 buildings of different vintages (1947, 1959, 1968, and 1986) on four parcels, all of which underwent recent renovations between 2019 and 2020. The property features an overall unit mix consisting of 5 studio units, 34 one-bedroom / one-bathroom units, 20 two-bedroom / one-bathroom units, 2 two-bedroom / two-bathroom units, and 3 three-bedroom / two-bathroom units, with a weighted average of 679 SF. Select units that include a washer and dryer, as well as spacious patios or balconies. All units offer air conditioning/heating, large windows, and fully equipped kitchens, including refrigerators, ovens/stoves, microwaves, dishwashers, and garbage disposals. Upgraded units feature white shaker cabinetry, quartz countertops, wood-style flooring, and ceiling fans. The community amenities include a swimming pool, two on-site laundry facilities, a dog park, a courtyard and ramada, gas barbecue grills with a picnic area, an on-site rental office, and open and covered parking.

Equinox on 5th benefits from close proximity to several of Tucson’s major employers, including Banner University Medical Center, Tucson Medical Center, Texas Instruments, Caterpillar, ADP Tucson, and the University of Arizona.

For more information, ABI can be contacted in Phoenix at 602.714.1400 and in Tucson at 520.265.1993.

Source: RED Comp #12124

The site will be transformed into ReDiscover a four-building industrial park

Phoenix (October 8, 2025) – CBRE has arranged the acquisition of the Deer Valley Innovation Park, a 43.5-acre site at 2402 West Beardsley Road in Phoenix. The property was acquired through a joint venture between ViaWest Group and Barings, which will redevelop the property into ReDiscover Logistics Park, a four-building, Class A industrial project totaling 808,000 sq. ft.

The large parcel located just off the interchange of Interstate 17 and Loop 101 in North Phoenix currently includes a 345,000 sq. ft. former call center building, which will be demolished to make way for the industrial park. ReDiscover will deliver flexible layouts, high-quality construction, and ample truck and trailer parking, catering to a wide range of industrial users.

CBRE’s Cooper Fratt, John Werstler, Tanner Ferrandi, and Connie Nelson represented ViaWest Group and Barings as well as the seller in the transaction.

“ReDiscover represents a rare chance to transform a legacy site into a next-generation logistics facility,” said Fratt. “The redevelopment will deliver institutional-quality space in a location with unmatched connectivity and tenant appeal. We’re proud to contribute to a project that will help define the future of Phoenix’s industrial market.”

“This project reflects ViaWest’s ability to identify untapped opportunities in prime locations and transform them into forward-thinking developments,” said Alex Boles, Managing Director, ViaWest Group. “ReDiscover will set a new benchmark for industrial projects in North Phoenix, featuring reinforced slab, steel deck, and FM Global compliance. We’re excited to bring this vision to life in a way that supports our tenants’ needs while strengthening the broader community.”

David Otte, Managing Director, Real Estate Equity Acquisitions at Barings, said: “We’re excited to partner with ViaWest Group and collaborate with them on the transformation of the best site in Deer Valley into ReDiscover Logistics Park. This project, a property with exceptional connectivity and scale, exemplifies Barings’ commitment to investing in thoughtfully designed, strategically located industrial assets of the highest quality that meet the evolving needs of tenants and communities alike.”

ReDiscover will be delivered in February 2027, and its location offers quick access to the Taiwan Semiconductor Manufacturing plant, is near the Deer Valley Airport, and is within 30 minutes of Phoenix Sky Harbor International Airport.

Tucson, AZ (October 8, 2025) – Iconic 5151 E. Broadway Tower announces the opening of Spoke Coworking Tower Suites, a modern, amenity-rich, and community-driven workplace, following a meticulous buildout of the entire top floor. 13,238 square feet of beautifully furnished offices, meeting rooms with state-of-the-art technology, and comfort areas, complete with natural light and magnificent 17^th floor views of Tucson, are business-ready for solo entrepreneurs to growing companies.

The Spoke Coworking offices in Tucson’s largest commercial office building have 56 private suites from 45 to 330 square feet, fifteen 30-square-foot semi-private desk spaces, and three multi-sized conference rooms with seating to accommodate 4 to 12. Private sound-absorbing phone booths, two Huddle Hubs provide a sanctuary for therapists or small groups, and Enterprise-grade internet (one of the many high-tech perks built in at Spoke by the owners, who previously founded a technology company). A podcast studio with fully equipped editing capabilities is in development and will be announced later.

Prelaunch activity has been strong. Owners David and Christine Tosi said, “Our entrepreneurial mission has always been to build meaningful connections. We love introducing people and businesses to one another, and this new location allows us to expand that vision even further in the Tucson community. We’re grateful to the ownership and the management team at 5151 E. Broadway for helping bring this to life. We can’t wait to see the relationships, opportunities, and creative energy that grow in our second home.”

Spoke Coworking is redefining the way we work with flexible plans that encourage productivity and collaboration. Additionally, all essential services required to operate professionally are available in-house, along with unlimited refreshments, well-attended regular gatherings, and access to 5151’s fitness center, great views, EV Charging stations, the Catalina Conference Center, abundant parking, and area conveniences. Learn more at spokecoworking.com

Kent Circle Partners | Seldin Real Estate, Inc. of Scottsdale, AZ (Scott Seldin, President) owns 5151 E. Broadway Tower. The privately owned commercial real estate and investment company maintains a diverse portfolio across seven states. Kent Circle Partners specializes in acquiring high-quality mixed-use real estate assets.