The 9-acre agricultural property located west of the northwest corner of Dobson and Frye roads, in the prestigious Price Corridor of Chandler, was recently purchased for $4,400,000. A 340-unit multifamily project, to be named The District at Chandler, is proposed to be built on the site, which got zoning approval in May 2018.

Larry Kush, Senior Vice President of ORION Investment Real Estate, exclusively represented the Buyer, Kaplan Companies based out of Houston, Texas. Kush said, “I am proud to represent a multifamily developer of Kaplan’s Caliber, known for high quality development. Kaplan brings a significant presence to the Phoenix Metro area.”

The Seller was Price Revocable Trust and Circle R Investments.

Barry Riddell based out of Scottsdale, Arizona acted as the zoning attorney, along with Technical Solutions.