FOR IMMEDIATE RELEASE – October 24, 2014
Vestis Group Brokers Sale Of Downtown Phoenix Multifamily Land
(Phoenix – October 24, 2014) – Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of 1.58 Acres of R-5 Zoned Phoenix Multifamily Land, located in the sought after Roosevelt neighborhood, in Downtown Phoenix, Arizona for $1,475,000 / $21.48 Per Square Foot.
Watt Communities acquired the 1.58 acre parcel located on Roosevelt Street, just east of 7th Street in Downtown Phoenix’s historic Roosevelt neighborhood for $1,475,000. The site enjoys a superior Downtown Phoenix location, near the Roosevelt Arts District, Copper Square, Arizona State University’s Downtown Phoenix Campus and the Valley Metro Light Rail. The property enjoys close proximity to the Interstate 10 Freeway, Sky Harbor International Airport, sports venues, cultural arts, nightlife and fabulous restaurants. The seller in the transaction was Jerome and Anita Gutkin of Scottsdale, Arizona. The buyer plans to build 30 three-story contemporary urban townhomes on the site. Natan Jacobs and Les Litwin of Vestis Group represented the Buyer in the transaction. The seller was represented by Josh Landers of Commercial 33 in Phoenix, Arizona.
About Vestis Group | Phoenix Condo Kings
Vestis Group provides unparalleled service and expertise to both Buyers and Sellers in Arizona’s most sought after neighborhoods, including Arcadia, Biltmore, Camelback Corridor, North Central Phoenix, Downtown Phoenix, Midtown Phoenix, Phoenix Historic Districts, Old Town, Scottsdale, Paradise Valley, Fountain Hills, Tempe, Mill Avenue and Lake District, and Tempe Near ASU. Representing residential property sales throughout Maricopa County including luxury condominiums, lofts, condos, townhomes, single-family homes and investment real estate, Vestis Group is dedicated to the highest standards of professionalism, expertise and client satisfaction.
Vestis Group’s principals, Natan Jacobs and Les Litwin, have sold over 5,600 condos in the Metropolitan Phoenix market, totaling over $295 million in Arizona real estate transactions and have developed, built, rehabilitated, constructed, improved, managed and sold thousands of apartments, condos, homes and home sites.
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