Colliers International sells land parcel for new senior living facility in Chandler

$40 million Park at Cooper Creek Independent Living facility slated to open in September 2018

Chandler, May 15, 2017 – Colliers International in Greater Phoenix negotiated the sale of a 5.84-acre parcel for $3,200,427. Located at the northeast corner of 94th Street and Pecos Road in Chandler, the property will be the site of the $40 million Park at Copper Creek Independent Living.

Chaz Smith, John Finnegan and Ramey Peru of Colliers represented the seller, Henry Bosma (Arizona Acres and Cinder Butte Properties, Inc.). Tim Dulany of Colliers represented the buyer, RJ Development (Jeff Yates) as developer, Koelsch Communities as the sponsor and operator, with Koelsch Construction as general contractor. The buyer is based in Olympia, Washington.

"The location of the site was critical to the developer and operator,” said Smith. “A rehab hospital and memory care facility are located just north of the property and the Chandler Regional Hospital is about two blocks away. In addition to the strong demographics, proximity to the Chandler Regional Mall was a contributing factor in selecting the site for development."

The Park at Copper Creek Independent Living will contain approximately 170,000 square feet of space with 135 units. The community will feature gracious outdoor amenities, including pool/hot tub, outdoor exercise stations, covered parking, fire pit, dog park, outdoor BBQ, outdoor gardens and walking paths. Interior amenities will feature a bistro, theater, fitness center, beauty salon/spa, crafts, game rooms, library, private dining and much more. Plans call for construction to begin in June and the grand opening is anticipated in September 2018. 

About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.

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Colliers International in Greater Phoenix has served clients locally and globally for more than 35 years.