INSIDE THE DEAL: Equity Residential Sells Ariz. Apts. for $18.4M

By Keat Foong, Executive EditorTucson, Ariz.–The Phoenix, Ariz.-based Hendricks & Partners represented Equity Residential in the sale of Skyline Gateway Apartments for $18.4 million. The property is situated in an A+ location, at 4601 East Skyline Drive here at the top of the Santa Catalina Foothills. It is close to upscale shopping, restaurants, hotels and golf courses. The property features one-bedroom and two-bedroom units in six spacious floor plans. Each unit is equipped with air conditioning, ceiling fans, dishwashers, disposals, frost-free refrigerators and a private balcony or patio. Cable television is available. Some units include fireplaces, stacked or full-sized washers and dryers, and walk-in closets. Community amenities include a clubhouse with kitchen, billiards, a heated swimming pool and spa, a tennis court, fitness center, putting green, and barbecue areas.The Buyer was HSL Properties of Tucson, AZ.