CWS Capital Partners has bought Alante at the Islands, a 320-unit multifamily asset in Chandler, Ariz. The property sold for $59.6 million, or $186,250 per unit. P.B Bell was the seller.
The asset is within immediate proximity to downtown Chandler and the Price Corridor as well as the Uptown, Airpark, West Chandler and Northwest Gilbert corridors. There are two prominent Tempe business parks, ASU Research Park and Discovery Business Campus nearby. Situated on almost 20 acres, the property was developed in 1996.
