Loading...
You are here:  Home  >  Real Estate  >  Current Article

Lennar will raze 2 Kierland office buildings for multifamily project

Posted by   /  December 6, 2018  /  No Comments

    Print       Email

AZBigMedia

 

AZBigMedia

Lennar Multifamily Communities (LMC) of Charlotte, NC has acquired two office buildings situated on a total of 4.17 acres within the Kierland development in Phoenix.  The company plans to demolish the two Class “A” office buildings and construct a luxury apartment community on the site. 

“It is unusual for the sale of two high-quality office buildings to result in demolition,” says Greg Hopley, executive vice president of Colliers International in Greater Phoenix, who brokered the sale.  “This is indicative of  the premium being placed on well-located multifamily sites during this very robust cycle of apartment development here in the valley of the sun.”

READ ON:

    Print       Email

Leave a Reply

You might also like...

Mesa approves $200 million GrandeVita project.

Read More →