MHN Online
A joint venture comprised of Wood Partners and Boston Capital Real Estate Partners has completed the disposition of Alta Park West, a 260-unit, 252,643-square-foot luxury apartment in Peoria, Ariz., a Phoenix suburb. The $30.1 million sales prices equates to $115,500 per unit. The buyer was Colorado-based Baron Properties. IPA represented the seller in the transaction.
“Developed by award-winning Wood Partners in 2008, Alta Park West delivers a luxurious living experience that reflects the aesthetic and social fabric of its community,” says Steve Gebing, senior director at IPA. “The property has a unique location within Park West, a 250,000-square-foot open-air lifestyle center that provides residents with unparalleled live, work and play access.”
Community amenities include a resort-style heated swimming pool with spa, a state-of-the-art leasing office, a 24-hour fitness center, a clubhouse with resident lounge and Wi-Fi capabilities, a coffee bar, a fully appointed business center, a courtyard space with a playground and barbecue grills, controlled access gated entry with secured building access and 37 detached garages with automatic door openers.
