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8/28/14
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Symphony, a 234-unit apartment home community in Chandler, AZ, was purchased by MIG Real Estate in a recent investment deal. Built in 1999, Symphony is located at 2225 West Frye Road.
Built as a luxury condominium community, Symphony consists of 16 two- and three-story buildings with one-, two- and three-bedroom floor plans with walk-in closets, oversized patios and direct-access garages in select units. Approximately half of Symphony’s units have been upgraded with high-end appliances, fixtures and finishes, presenting the opportunity to continue the interior renovation program to add features like quartz countertops and new appliances to the remainder of the units.
Common area amenities at Symphony include two resort-style swimming pools with a spa, poolside bar seating and outdoor televisions, as well as a newly remodeled clubhouse with a lounge area, conference room and state-of-the-art fitness center.
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Symphony is situated in the heart of Chandler’s employment hub, with several Fortune 500 companies including Intel, Bank of America and Wells Fargo within a five-mile radius. Symphony is adjacent to the expanding Chandler Regional Medical Center and less than a mile from the new GM Technology Innovation Center which recently brought an additional 1,000 jobs to the immediate area.
Residents of the multifamily community enjoy close proximity to the entertainment of
Downtown Chandler and retail amenities like Chandler Fashion Center. Symphony is located within 20 minutes of Phoenix Sky Harbor International Airport and Downtown Phoenix via the
101 and 202 Freeways.
Symphony represents MIG Real Estate’s third investment in Arizona multifamily properties, following its purchase of Acacia Creek in Scottsdale in 2013 and Quadrangles Village in Tempe in April 2014.
Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE’s Phoenix office represented the seller in the transaction. Alliance Residential will manage the property for MIG Real Estate.
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