May 17, 2020
Pride Ventures, LLC II, a California-based investor and developer, acquired Parcel 1 in Mesa’s Sycamore Station for $3.8 million. The more than four-acre site is located at 1830 W Main St. near the Light Rail, and is envisioned for development of a multifamily project.
Commercial Properties, Inc.’s (CPI) Kimberly Rollins and Dallan Randall, along with Jeff Hays and Tate Gunning, represented the buyer. Lee & Associates advised the seller, Sycamore Station Fund, LLC.
CPI’s Rollins says, “The buyer is planning on developing an iconic 200-unit multifamily complex in the heart of the City of Mesa. It will be a great addition to this growing area of Mesa, and will be in line with the city’s Smart Growth Community Plan.”
CPI is the Phoenix affiliate of CORFAC International.
For comments, questions or concerns, please contact Dennis Kaiser