217
TEMPE, ARIZ. — MIG Real Estate has acquired Quadrangles Village, a 510-unit apartment community next to Arizona State University (ASU) in Tempe, for a reported $41.8 million. The community is located at 1255 E. University Drive. Other nearby attractions include the Wells Fargo Arena, Sun Devil Stadium and Tempe Town Lake.
CBRE’s Tyler Anderson and Sean Cunningham represented the seller, FSC Quadrangles Associates LLC, in this transaction. The complex will be managed by Greystar Student Living. This is MIG’s second Arizona investment. The firm acquired Acacia Creek in Scottsdale last year.