Berkadia announced the sale of ±10.58 acres of land situated at SWC I-17 & Pinnacle Peak in Phoenix, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia Phoenix completed the $3.4 million sale on behalf of the seller, SWC PPR, LLC. The deal closed on November 30. The buyer is Skyport Scottsdale LLC. Et Al.

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The land, situated in the Deer Valley Submarket of North Phoenix, is being planned for multifamily development.

This sale represents the 54th multifamily site the Phoenix Berkadia team has sold.