PHOENIX—CBRE has completed the sale of the Symphony Apartments, a 234-unit apartment complex located at 2225 W. Frye Rd. in Chandler. The multifamily asset commanded a sale price of $35.5 million. The property was 95% leased at time of sale.

Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE's Phoenix office represented the institutional seller. The buyer was MIG Real Estate of Newport Beach.

“The Symphony Apartments offer an excellent infill location in the heart of Chandler's major employment and tech-hub. The property benefits from the strong corporate employment located to the southwest in the Price Road Corridor, as well as its adjacency to Chandler Regional Medical Center,” says CBRE's Gunter. “Symphony also offers excellent access to neighborhood retail options as well as proximity to Chandler Fashion Center.”