WaterWalk, a developer of upscale extended stay hotels, has acquired a 4.5-acre development site at SWC 19th Avenue and Pinnacle Peak Road in Phoenix’s Deer Valley neighborhood for $2,143,713. The seller was Alter Group, a commercial real estate development company based near Chicago, Illinois. Kidder Mathews commercial real estate brokers, Trask Switzenberg and Chuck Wells, represented WaterWalk in the transaction.
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