Archrock Development Group LLC of Orange County, Calif., has purchased a 10.2-acre site in San Diego for approximately $26.3 million, with plans to develop a 444-unit apartment complex.
The sellers were Equity Residential of Chicago and New York-based BlackRock Inc., according to brokerage services company Cushman & Wakefield, which represented the sellers.
The property is at 6850 Mission Gorge Road, in San Diego’s Allied Gardens neighborhood. The site is fully entitled and permit-ready for a multifamily development slated to include six themed common courtyards, a pool and fitness facility.
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