CBRE Completes $60 Million Sale of Elevation on Central

CBRE recently completed the sale of Elevation on Central, a 266-unit urban, Class A multifamily community located at 4650 North Central Avenue in Phoenix.

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Located within Phoenix’s Central Business District, Elevation on Central features clean, contemporary interior finishes and a comprehensive set of resort-style amenities.

 

An entity of PrivatePortfolio Group purchased Elevation on Central for $60 million. The seller, Vedura Residential, was represented by Tyler Anderson, Sean Cunningham, Asher Gunter, and Matt Pesch with CBRE’s Phoenix office.

Completed in 2016, Elevation on Central is a distinguishable Class A community with a tremendous location along Central Avenue, within walking distance of two Metro Light Rail stations. The community is surrounded by metro Phoenix’s preeminent high-wage employment corridors and a vibrant culinary district within walking distance of Elevation on Central continues to emerge along Central Avenue in the North Central neighborhood.

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