CBRE Completes Sale of Broadstone Central Arts District

PHOENIX, ARIZ.  CBRE has arranged the sale of Broadstone Arts District, a 280-unit, Class A mid-rise apartment community located at 222 E. McDowell Road in Central Phoenix.

Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the sellers, Washington D.C.-based The Carlyle Group and Phoenix-based Alliance Residential Company. The buyer is California-based Green Leaf Partners Management.

Completed in 2017 and situated in Central Phoenix’s Arts District, Broadstone Arts District offers residents an abundance of walkable restaurants and art galleries. The community is nearby to the Metro Light Rail, connecting residents to the major employment centers along Central Avenue.

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