Mission Rock Lands Phoenix Management Contract
Hamilton Zanze Real Estate recently acquired the property in a $90 million deal.
Mission Rock Residential has been assigned a new leasing deal for luxury townhouses in Phoenix. Hamilton Zanze Real Estate Investments has selected the company to manage its 296-unit Ironwood at Happy Valley property.
Hamilton Zanze recently purchased the community, formerly known as Springs at Deer Valley, in March of this year. It was acquired for $90 million, according to Yardi Matrix data. At the time of the sale the purchase marked the firm’s seventh in Arizona.
The Ironwood at Happy Valley was completed in 2021 and is comprised of 12 two-story buildings. Studio, one-, two- and three-bedroom apartments in the community range from 550 square feet to 1,450 square feet. The project is 93 percent occupied.
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Amenities include a pool, car care center, fitness center, dog park, pet spa and 516 parking spaces. Individual units feature kitchen islands, washers and dryers and private patio or balcony options.
Located at 24025 North 23rd Ave., residents are in close proximity to retail and dining options, Phoenix’s state parks and several major employment centers. Downtown Phoenix is roughly 20 miles away, while the Happy Valley Towne Center shopping mall is less than one mile from the property.
This management deal is not the first time Mission Rock Residential and Hamilton Zanze have worked together. Late last year, Hamilton Zanze selected Mission Rock Residential to manage a 264-unit community in Colorado Springs, Colo.