PHOENIX—A 355-unit, Central Phoenix apartment community at 2912 E. Indian School Rd. in Phoenix sold for $12.5 million.
Lee & Associates principal Todd Braun and associate Will Barnard represented the buyer, SPL Real Estate & Management Co. of Denver. Karl Abert of Newmark Grubb Knight Frank represented the seller, Bella View Apartments, LLC of Scottsdale.
Bella View Apartments, built in 1979, is situated on 7.92 acres. It features four, 3-story buildings of studio and one bedroom units. The community features four pools, spa, tennis and basketball courts, picnic areas with BBQs and laundry facilities.
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