PHOENIX—Marcus & Millichap has negotiatedthe sale of Emerald Shores, a 304-unit multifamily communitylocated at 8151 W. Indian School Rd. in Phoenix.
Rich Butler, Brian Tranetzkiand Steve Gebing represented the seller,Gran Victoria Housing LLC, a nonprofitorganization based in Phoenix. The buyer, a private party, is baseout of Los Angeles. Neil Sherman of Sperry Van Nessrepresented the buyer in the transaction.
Emerald Shores is designed for active adults and families. Thepet-friendly community offers studio and one-bedroom apartments ina park-like atmosphere with a resort style swimming pool, spa,sundeck, gazebo, barbecues, large children's playground and ajogging trail.
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