|Cushman & Wakefield Negotiates Sale of The Vintage to San Diego Investor|
|PHOENIX, Dec. 20, 2017 – Cushman & Wakefield completed the sale of The Vintage, located at 1303 West Juniper Avenue in Gilbert, Ariz. Pathfinder Gilbert Holdings II, LLC of San Diego purchased the property from Clear Sky Vintage L.P., an entity formed by Phoenix-based Clear Sky Capital, for $18.55 million.
Executive Managing Directors David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller.
The Vintage is a 107-unit, two-story, Class A apartment community located east of the southeast corner of Guadalupe and McQueen Roads in Gilbert. Built in 2000, the property features a recently upgraded resort-style pool and spa, indoor basketball court, an indoor racquetball court, billiards room, fitness center, playground, clubhouse with theater room, and a business center/conference room.
Offering studio, one-, two- and three-bedroom options, The Vintage has an average unit size of 1,154 square feet. Unit interiors include fireplaces in select units, 9-foot ceilings, walk-in closets, washer dryers and gourmet style kitchens.
“The Vintage offered the buyer the opportunity to acquire a Class A community with value-add potential in the highly desirable Gilbert submarket,” said David Fogler.
|About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visitwww.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.