Baron Properties buying 260-unit Alta Park West apartments in Peoria for $30.5 million

Alta Park West apartments

Alta Park West apartments Peoria – In a deal scheduled to close at press time, Baron Properties in Greenwood Village, Colo. (J. Jeffrey Riggs, Scott Fisher, T.J. Tarbell, principals) was expected to pay $30.05 million ($115,577 per unit) to buy the 260-unit Alta Park West apartments located at 9680 W. Northern Avenue in Peoria. The seller is Alta Peoria LLC, a venture formed by Wood Partners in Marietta, Ga. (Leonard Wood, principal) and Boston Capital in Boston, Mass. The deal is being brokered by Steve Gebing and Cliff David of Marcus & Millichap Real Estate Investment Services in Phoenix. Wood Partners developed Alta Park West in 2008. With the purchase of Alta Park West, Baron Properties will own 1,958 units in eight multi-family properties in the Valley. The privately-held Baron Properties is interested in buying additional apartment communities in the Phoenix area. Continue reading

 

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