Apartments at Steele Park Sell for $36 Million

Cassidy Turley BRE Commercial Negotiates Sale

Published on April 13, 2012


PHOENIX– Cassidy Turley BRE Commercial is pleased to announce that Executive Vice Presidents David Fogler and Steven Nicoluzakis have completed the sale of the Apartments at Steele Park for $36,067,500 / $90,395 per unit.  The 399-unit multi-family property, located at 411 East Indian School Road in Phoenix, was built in 1999 and was purchased by an entity formed by Weidner Investment Services out of Washington. The Seller was DMARC 2006-CD2 Indian School LLC, an entity controlled by LNR Partners out of Florida.

David Fogler and Steven Nicoluzakis, with Cassidy Turley’s Multi-Family Service Group represented the Seller in the transaction. For more information visit www.ctmultihousing.com or call 602.954.9000.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with more than 3,500 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions.  The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit http://www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services in Phoenix through Cassidy Turley BRE Commercial. The company offers brokerage investment and advisory services in office, industrial, retail, multi-family, land and property management. The firm was ranked No. 1 in the Commercial Real Estate Brokers list of the Phoenix Business Journal’s 2010 and 2012 Book of Lists. 

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Alison Melnychenko

(602)224.4459                                                                                                    

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