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Phoenix & Southwest  + Student Housing  | 

Chicago Developer Stakes Land Claim Near ASU

Core Campus Investment Partners, headquartered in Chicago, paid $8.4 million for properties in Tempe, AZ. The buyer struck the deal with Nevada-based seller 2015 Mill & Myrtle LLC for the assets at the southeast corner of Seventh Street and Mill Avenue, and the southwest corner of Seventh Street and Myrtle. Cliff Johnston and Brian Rosella of Cushman & Wakefield represented the seller in the transaction.

Core Campus’ goal is to build high-rise apartments at the Seventh and Myrtle spot, which are close enough to serve students who attend Arizona State University. Plans are still underway as to what the new owner will do with the property at Seventh and Mill.

Core Campus is no stranger to Tempe.  In 2013, it delivered Hub on Campus, a 19-story, 269-unit/637-bed student housing property at 323 E. Veterans Way, adjacent to ASU. The asset was sold to Inland American Communities that same year for $103 million.

For comments, questions or concerns, please contact Amy Sorter


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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Development
  • ◦Sale/Acquisition
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