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414-UNIT STATION ON CENTRAL APTS. SELLS FOR $36.5 MILLION

PHOENIX — The 414-unit Station on Central Apartments, located at 4140 N. Central Ave. in Phoenix, has sold for $36.5 million to Colorado-based Baron Properties. Baron has already begun upgrading the clubhouse and exercise facility, painting the exterior of the property and upgrading the courtyard and pool facilities. Brad Goff and David Lord of ARA's Phoenix office represented the seller, 4140 N. Central Ave. Holdings

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