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TRANSWESTERN INVESTMENT GROUP ACQUIRES MULTIFAMILY DEVELOPMENT SITE IN GILBERT, AZ
288-Unit Project to Anchor Mixed-Use Destination in Heritage Park
(JUNE 9, 2025 – PHOENIX) –Transwestern Investment Group (TIG®) on behalf of a separately managed account, has acquired 3.2 acres of land for the development of Novel Heritage Park, a 288-unit, wrap-style Class A multifamily community of Gilbert, Arizona.
The five-story, elevator-served property will feature air-conditioned corridors and an amenity-rich design, including an in-lobby coffee shop, mezzanine lounge, rooftop clubroom, coworking lounge, flexible work-from-home spaces, a fitness center with yoga room, pet spa, EV charging stations, bike storage, sky lounge, and a rooftop resort-style pool with outdoor lounge.
Estimated for completion in Q2 2027, Novel Heritage Park is part of a 9.9-acre master-planned development. The broader Heritage Park development will include 47,000 square feet of restaurants and retail, a boutique hotel, future office building, and a public square with water features, landscaping, and pedestrian-friendly paths.
Located just 30 minutes from downtown Phoenix, the site is in Gilbert’s vibrant Heritage District, the community’s cultural and social epicenter with a walkable mix of dining, shopping, and entertainment options. Local highlights include Culinary Dropout, Dierks Bentley’s Whiskey Row, Joyride Taco House, and the Hale Centre Theatre. The district is also home to popular public events and a vibrant arts scene marked by murals and a color-changing water tower.
ABOUT THE TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional and high-net-worth clients through what we believe to be compelling, thematic investment opportunities across property types and risk profiles within the United States. Part of the Transwestern companies, we have sourced and executed more than $8 billion of real estate investments to date in 26 markets.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.