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| Legacy Village at Gilbert Towne Center Gilbert, AZ |
GILBERT, AZ, March
11, 2013 – Marcus & Millichap Real Estate Investment Services has arranged
the sale of Legacy Village at Gilbert Towne Center, a 147-unit
multifamily property in Gilbert, approximately 25 miles southeast of Phoenix.
The sales price of $15,650,000 equates to $106,463 per unit.
Steve Gebing, a vice president investments and Cliff
David, also a vice president investments, both in Marcus & Millichap’s
Phoenix office, represented the seller, Legacy Partners Residential. The buyer, a San Diego-based private
investor, was represented by Dixie Hall of CB Richard Ellis’ San Diego
office.
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| Steve Gebbing |
“Legacy Village at Gilbert Towne Center is the signature
destination for luxurious apartment living in the young and affluent town of
Gilbert,” says Gebing.
“The submarket’s prominence is fueled by a well-educated and
well-paid workforce,” adds David.
Developed by Legacy Partners Residential in 2001, the
property is located at 351 East Civic Center Drive in Gilbert.
For a complete copy
of the company’s news release, please contact:
Ben Johnson,
Marketing Director
(925) 953-1736
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