44 Monroe a $246 million portfolio deal to sell for $40 Million


Arizona’s tallest residential tower, 44 Monroe in downtown Phoenix, is set to be sold this fall as part of a $246 million portfolio deal to a Boston-based real estate investment trust. 44 Monroe stands 34 stories at the northeast corner of First Avenue and Monroe Street. It was built in the summer 2008 and its 196 condos went up for sales in price ranges of $450,000 to $3.2 million.

Read all about the Sale – http://www.bizjournals.com/phoenix/news/2013/08/14/44-monroe-heads-to-sales-block-in-246.html

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