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LJ Mainstreet Holdings Acquires 45-Unit Apartment Property in Arizona

Main-Street-Lofts-Buckeye-AZ

Main Street Lofts at Verrado in Buckeye, Ariz., features 45 apartments and ground-floor retail space occupied by CVS/pharmacy and Basha’s grocery.

BUCKEYE, ARIZ. — Mesa, Ariz.-based LJ Mainstreet Holdings has purchased Main Street Lofts at Verrado, a multifamily property located at 21068 W. Main St. in Buckeye, a suburb of Phoenix. Omaha, Neb.-based Waitt Verrado LLC sold the asset for $5.2 million.

Situated within the Verrado master-planned community, Main Street Lofts features 45 units averaging 994 square feet, as well as a CVS/pharmacy and Basha’s grocery on the ground floor.

Matt Kolano and Charlie Steele of Jones Lang LaSalle of Phoenix represented the seller, while Chris Roach and Matt Roach of Colliers International in Arizona represented the buyer in the deal.

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