Thursday, October 22, 2015

Land Planned for Southbank Apartments Transacts

Area Map

Four acres of land planned for the mixed-use Southbank project located near Tempe Town Lake sold Tuesday. The Wolff Company sold the land to JLB Partners for $4 million, pursuant to the purchase agreement recorded in February of this year. No debt was recorded with the sale.

The Southbank Apartments are planned as a 272-unit, 88,000 square foot mixed-use project in one six-story building at the waterfront of Tempe Town Lake.

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