A joint venture of PCCP and F&B Capital has acquired District at Chandler, a newly developed 340-unit Class A multifamily asset located at 2222 West Frye Road in Chandler, Ariz.
The District at Chandler is an elevator-served multifamily project that is located one mile from the Loop 101 and 202 freeways, two primary arteries serving the Southeast Valley, and is adjacent to the Price Road Corridor, Chandler’s largest employment center. The property includes one- and two-bedroom units and a resort-style pool, clubhouse with a coworking area, outdoor pavilion with a BBQ grill, fitness center with spin studio, dog park, bike storage, game room and various concierge services.
Chandler is one of Phoenix’s top suburban submarkets and saw cumulative rent growth of 4.5 percent in 2020 through mid-October, according to CoStar. The Phoenix economy has been particularly resilient during the current downturn, with the region recording the lowest unemployment of all major ma
