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PHOENIX — Colliers International has brokered the $47.8 million acquisition of San Melia, a 488-unit luxury apartment community located at 14435 S. 49th St. in Phoenix.
Built by Mark Taylor in 1998, San Melia features amenities such as a resort-style swimming pool with sand beaches, two sand volleyball courts, two basketball courts, tennis courts, two spas, a luxurious clubhouse, a state-of-the-art fitness center and garage parking. Colliers’ Cindy Cooke and Brad Cooke represented the buyer, Investment Property Associates LLC, and Apartment Realty Advisors’ Brad Goff and Bret Zinn represented the seller, TIAA-CREF.