Artom Holdings has secured $58 million in financing for The Parker on Higley, a class A, 261-unit multi-housing development in Gilbert, Ariz.
JLL worked on behalf of the sponsor to secure a construction loan through PCCP.
The Parker on Higley is in the Phoenix metropolitan area, at the northeast corner of Baseline Road and Higley Road. This location offers residents connectivity to major arteries, including US-60 and the Loop 202 and Loop 101 freeways. The community's proximity to Phoenix Mesa Gateway Airport and Phoenix Sky Harbor International Airport, coupled with nearby retail opportunities, ensures that residents have convenient access to local amenities and global connections.
The Parker on Higley is a four-story multifamily development spanning 220,570 square feet on a spacious 8.36-acre site. The property offers a range of living options, including studios and one-, two- and three-bedroom units, with an average unit size of 845 square feet. Residents can
