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MF Asset in Arizona’s Economic Super Core Sells for $60M
Marcus & Millichap’s Institutional Property Advisors’ (IPA) division handled the $59.6-million sale of Alante at the Islands, a 320-unit multifamily asset in Chandler, AZ. IPA’s Steve Gebing and Cliff David represented the seller, Scottsdale, AZ-base P.B. Bell, and procured the buyer, Austin, TX-based CWS Capital Partners.
Gebing says, “The Southeast Valley is the economic super core of Arizona, and Chandler is one of the Valley’s youngest cities. The rapidly expanding area has a world-class infrastructure that is home to multi-billion-dollar global companies and a well-educated labor force.”
The asset at 2222 N. McQueen Rd. is within immediate proximity to Downtown Chandler and the Price Corridor, as well as the Uptown, Airpark, West Chandler and Northwest Gilbert corridors. There are two prominent Tempe business parks, ASU Research Park and Discovery Business Campus nearby.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

