Colliers Arranges $49M Sale of 352-Unit Apartment Community in Phoenix

by Amy Works

PHOENIX — Colliers International has arranged the sale of Siena on Baseline, an apartment community located at 4520 E. Baseline Road in Phoenix. Dallas-based Knightvest Acquisitions acquired the property from Scottsdale, Ariz.-based P.B. Bell Companies for $49 million.

Situated on 14 acres, the 22-building property features 352 apartments in a mix of one-, two- and three-bedroom layouts. Built in 1986, the community features a clubhouse, three swimming pools, spa, fitness center and pet park.

Cindy Cooke and Brad Cooke of Colliers International in Greater Phoenix represented the seller, while the buyer was self-represented in the deal.

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