ASU sells 9.29 acres to Alliance Residential

Real Estate Daily News

Cushman & Wakefield sold 9.29 acres of Arizona State University (ASU) surplus land, located at the southeast corner of Rio Salado Parkway and Price Road in Tempe, Ariz. Phoenix-based Alliance Residential, the nation’s largest multifamily developer, purchased the site from ASU for $11.25 million.

Executive Managing Directors David Fogler and Steven Nicoluzakis of Cushman & Wakefield Phoenix represented the seller in the transaction.

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