PHOENIX—Oregon Pacific Investment and Development Company purchased Pinnacle Queen Creek, a class A apartment community located at 800 W. Queen Creek Rd. The 252-unit garden style apartment community sold for $33.3 million ($132,143 per unit). The seller was Pinnacle at Queen Creek, LLC, a company controlled by The Northwestern Mutual Life Insurance Company of Milwaukee and Essex Property Trust of Palo Alto.
Cassidy Turley executive managing directors David Fogler and Steven Nicoluzakis negotiated the transaction on behalf of the seller.
“Pinnacle Queen Creek is at a great location,” Fogler tells GlobeSt.com. “It's close to employment, minutes from Intel. It has exception design and amenities.”
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