OAKBROOK TERRACE, IL-DeVry Inc., based here, has sold two of its facilities for nearly $28.4 million. DeVry sold its campus at 2149 W. Dunlap Ave. in Phoenix and its campus at 3600 S. 344th Ave. in Federal Way, WA to LBA Realty, based in Irvine CA.

Portions of each of the facilities will be leased back by DeVry, which provides undergraduate and graduate degree programs in technology, business and management. A cap rate was not disclosed. A representative for Cushman & Wakefield did not respond to a request for an interview. Ned Franke, Mike Sayre, Larry Downey and Jerry Jacobs, all with Cushman & Wakefield, handled the sale negotiations.

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