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Rockwell Property Co. Acquires Cimarron Apartments in Metro Phoenix for $33M
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Rockwell Property Co. Acquires Cimarron Apartments in Metro Phoenix for $33M
MESA, ARIZ. — Chicago-based investment firm Rockwell Property Co. has acquired Cimarron Apartments in the Phoenix suburb of Mesa for $33 million. The seller was a local family that had owned Cimarron as part of a portfolio for approximately 10 years. The acquisition marks Rockwell’s sixth purchase in Arizona and the first in the city of Mesa. Built in 1985, the 210-unit garden-style community spans about 5 acres and features gated parking, an in…
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