Vestis Group Brokers Sale Of 312 South Luxury Condos In Tempe

FOR IMMEDIATE RELEASE – February 25, 2013

Vestis Group Brokers Sale Of 312 South Luxury Condos In Tempe

(Tempe – February 25, 2013) – Vestis Group is pleased to announce the completed sale of 6 townhome units (bulk condos) of 312 South Condominiums, a 7-unit multifamily property, located at 312 South Hardy Drive in Tempe, Arizona, for $1,050,000 / $175,500 per unit.

The buyer, Hardy Street, LLC, purchased 6 of 7 units within the community. The seller  was O.W.L. Real Estate & Investments. Natan Jacobs, Les Litwin and Victoria Miachika of Vestis Group represented the Buyer in the sale.

312 South Condos, a luxury, loft-style, town home condominium community in Tempe, AZ.

312 South Condominiums is a 7-unit, garden-style, luxury, loft-style, townhome community located in a strong rental area of north Tempe, just west of Mill Avenue. Built in 2008, 312 South is a luxury downtown Tempe development, consisting of 3-level townhome loft-style condos, equipped with 2 bedroom master suites, oversized two-car garages, private backyards, and kitchens that included cutting edge design. Interior features include stainless steel appliances, in-suite washer and dryer, concrete countertops, polished concrete floors, custom cabinetry, electric fireplaces, metal-claded beams, touch-screen security, walk-in custom closets, 8′ Sliding Doors, Fire Sprinklers, Designer Paint and all units are individually metered for electricity. Common area amenities include sand-finished stucco, natural slate veneer, pavered patios, contemporary front doors, contemporary frosted garage doors, exposed aggregate driveway, swimming pool, grilling station, mature landscaping and over-sized two-car garages with extra storage space.

312 South is located in north Tempe, along S Hardy Drive, within walking distance to ASU, Mill Avenue, Tempe Town Lake, Orbit Shuttle and the Valley Metro Light Rail. The property is located in a quiet residential neighborhood within close proximity to the Loop 202 Freeway, allowing easy access to Sky Harbor International Airport, Downtown Phoenix, Scottsdale, the valley freeway system and numerous employers.

About Vestis Group:

Vestis Group is a leading multifamily investment sales and advisory services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies. Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

Vestis Group serves multi-family owners and investors with a full suite of commercial real estate services, including Buyer Representation, Project Marketing & Sales, Asset Management, Condominium Association Management, Project & Development Services, Research and Consulting.

For more information, please visit: www.Vestis-Group.com.