Hendricks & Partners negotiated the sale of Mandarina, a 180-unit apartment community in Phoenix, Ariz. The value of the transaction was $15.5 million. Mandarina is located at 5402 East Washington Ave. and situated immediately adjacent to Metro Phoenix's announced light rail line. Newport Beach, Calif.-based Phoenix Mandarina Apartments LLC sold the property to Seattle, Wash.-based Mandarina Associates LLC. Built in 2001/2002, Mandarina offers a full complement of class A amenities, including 38 garages, a business center, exercise facility, volume ceilings, conference room and controlled-access gates. Hendricks & Partners is an advisory company focused exclusively on the sales of multifamily properties. *** Send a Letter to the Editor for publication.Send a comment or news...
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