Scottsdale-based Mark-Taylor paid just under $3 psf for theacreage at the northwest corner of Knox Road and Arizona Avenue.The land lies in a redevelopment area of Chandler.

Mark-Taylor plans to begin construction on the apartmentcommunity this quarter. ARPHO Co. LLC of Scottsdale, a division ofShea Homes, was the land seller. It was represented by CB RichardEllis.

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