NRP Reveals Update on Medina Station
The NRP Group announced the financial closing and groundbreaking of a 353-unit multifamily development within Medina Station, a 60‑acre master planned community in Mesa, Arizona. The four‑story, elevator‑served community will be built on a 10‑acre parcel in the northeast quadrant of the master plan.
Project financing was provided by Origin Investments as the equity partner, with debt capital from lender U.S. Bank.
Located at 10941 E Southern Ave., the development is within walking distance of major commercial retailers in Medina Station and the surrounding area, including Target, Sprouts Farmers Market, and EōS Fitness.
The new community will include a mix of studios and one-, two- and three-bedroom residences.
Residents will have access to amenities including a resident clubhouse lounge with coffee stations, a business center with coworking spaces, a fully equipped fitness center, and an outdoor pool area complete with a spa jacuzzi, cabanas, and grill stations.
Construction of the new 353-unit community will begin later this month, with completion expected in 2028.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout