An unknown buyer acquired Arizona Commons II from Wells Fargo Bank, N.A. and Morgan Stanley (NYSE:MS) for $5.6 million.
January 06, 2013 at 11:00 pm EST
An unknown buyer acquired Arizona Commons II from Wells Fargo Bank, N.A. and Morgan Stanley (NYSE:MS) for $5.6 million on January 7, 2013. UC Funding LLC provided a $6.4 million bridge loan for the acquisition and renovation of the property. C-III Asset Management, LLC acted as special servicer for Wells Fargo Bank, N.A., as trustee for the holder of Morgan Stanley commercial mortgage pass through certificates, series 2006 1st Quarter 2012. David Fogler and Steven Nicoluzakis of Cassidy Turley Arizona's Multi-Family Group brokered the transaction.
An unknown buyer completed the acquisition of Arizona Commons II from Wells Fargo Bank, N.A. and Morgan Stanley (NYSE:MS) on January 7, 2013.