New high-rise residential development slated for downtown Phoenix

By Mike Sunnucks | Phoenix Business Journal

A high-rise residential development is being proposed for downtown Phoenix after the sale of 1.3 acres of land at Third and Pierce Streets.

Clark Street Holdings LLC bought the land for $6.62 million from Third and Pierce Development LLC.

JLL (NYSE: JLL) Executive Vice Presidents John Cunningham and Charles Steele helped broker the deal.

The land is on the northeast corner of Third and Pierce next to the Phoenix Biomedical Campus and near Arizona State University’s downtown campus.

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