SCOTTSDALE, ARIZ. — Scottsdale-based Belleview at McCormick Ranch LLLP has acquired McCormick Place North and McCormick Place South in Scottsdale for $21.85 million. Located at 8250 E. Via Paseo Del Norte and 7350 N. Via Paseo Del Sur, the adjoining properties offer a total of 230 units. The communities offer a mix of studio, one- and two-bedroom units with ceiling fans, patios and vaulted ceilings. Community amenities include two large clubhouses, an exercise facility, two pools and Jacuzzis, an on-site putting green and covered parking. Brent Long and Greg Thielen of Hendricks & Partners represented the seller, Corona del Mar, Calif.-based McCormick Place LP, in the transaction. Financing for the transaction was obtained through Eric Inabinet of Capital Advisory Group.
TWO APARTMENT COMMUNITIES SELL FOR $21.85 MILLION
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