Commercial Properties Incorporated (CPI) announced the sale of a 9.6-acre property located in the East Valley on the NWC of Alma School and Pecos roads in Chandler.
Shane McCormick of CPI worked with both parties involved the transaction. The seller was Hatcher Plaza, which was formed by Michael Pollack of Michael A. Pollack Real Estate Investments in Mesa.
McCormick negotiated the cash sale with Alta Vista Communities ASNE from Tucson, which purchased the property for $2.375M.
”Over the last eight months, I have enjoyed assisting in the site selection and in getting this project rezoned for a 112 unit rental community. This is their first development in Phoenix and we are currently identifying new sites,” McCormick said.