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PHOENIX — The 213-unit Terrace Park, located at 8130 West Indian School Rd. in Phoenix, has sold for $5.77 million. The seller, West Palm Beach, Fla.-based Blue Valley Apartments, a special servicer, was represented by Mark Forrester, Ric Holway and Chuck LaBenz of Hendricks & Partners Phoenix office. The buyer was Minnesota-based Phoenix Leased Housing Associates I, LP.