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Sandy—The Salt Lake City appointment of CBRE has appear the auction of The Park at City Center, a Class A, resort-style, multifamily community. Developed by Kaplan Development and amid in Sandy, Utah, the association consists of 330 units. The buyer, Keller Investment Properties (Keller), is a clandestine broker based in Centerville, Utah. This barter marks the better absolute dollar auction amount for a distinct multifamily asset this year. Patrick Bodnar and Eli Mills of CBRE orchestrated the transaction.
Completed in July of 2017, The Park at City Centermost is comprised of about 292,000 aboveboard feet. Amid at 213 West Civic Centermost Drive, it is a resort-style, amenity-rich association featuring a Manhattan-inspired resort pond pool, hot tubs, golf simulator, executive-style lounge, all-embracing fettle center, artist adviser and alloyed media room. The affluence units affection one-, two- and three-bedroom accommodation homes with high-end avant-garde features, such as granite countertops, stainless animate appliances, glass-tile backsplashes, 11-foot ceilings, garden tubs, and walk-out showers in the adept suites.
“This transaction provided an befalling for Keller to accomplish a abiding disinterestedness canning comedy in a admirable property,” declared Bodnar. “Sandy City is a advancing and growing burghal area, and its area is acceptable to both city Salt Lake City and the Point of the Mountain. These reasons, forth with abounding others, fabricated this acreage an adorable best for Keller.”
Kaplan Development, based in Houston, Texas, is actual admiring with their aboriginal multifamily development in Utah and is attractive to added advance in the market.
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