Downtown apartments sell for $57.5M

Circa Central Avenue apartments. /

By Mike Sunnucks | Rose Law Group Reporter

Pillar Communities has bought an apartment complex in downtown Phoenix for $57.5 million. 

Pillar and its parent company Private Portfolio Group LLC acquired the Circa Central Avenue apartments just south of McDowell Road. The 227-unit complex includes two office suites geared toward creative tenants. The Hunt Companies, Tilton Development Co., Civitas Capital Group and Ryan Companies US Inc. developed the apartments which opened last year. They announced the sale to Pillar and PPG this week.   

Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE represented the sellers in the deal. “Circa Central Avenue is a top-of-the-market community with amenities that appeal directly to the fast-growing, renter-by-choice, demographic in Phoenix’s urban core,” said Matt Pesch, executive vice president with CBRE Phoenix Multifamily Institutional Properties.

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories