Site Selection Archives

Home developer buys land near 3rd Street and Central Avenue

home developer
by in AZRE Magazine | Site Selection

Green Street Communities Inc., a Phoenix-based residential design/build developer since 2012, purchased approximately 2.6 acres of R-6 zoned land at the eastern perimeter of the Church for the Nations, 6225 N. Central Ave. NAI Horizon Associate Kim Kristoff represented Green Street Communities in the $1.298 million sale. The eastern portion of the church property, deemed… Read More →

11,000-acres purchased in Buckeye for master-planned community

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by in AZRE Magazine | Site Selection

A joint venture group purchased 11,000-acres in Buckeye for $80 million with plans to build a master-planned community on the site. The sale accounts for the largest land purchase in the Buckeye area since the housing market downturn in 2008. Illinois-based Bixby Bridge Capital, Phoenix-based Quantum Capital and California-based Dolphin Partners purchased the land in… Read More →

Land near Baseline Road and Central Avenue sells for $1M

baseline road
by in AZRE Magazine | Site Selection

ORION Investment Real Estate recently negotiated the land site located at 123 E. Baseline Rd. in Phoenix for $1,030,000 ($8.75/SF). Situated east of the southeast corner of Baseline Road and Central Avenue, the vacant land totals ±2.70 acres and is zoned C-2. It is located adjacent to an Arby’s. and surrounded by other retailers and… Read More →

77-acres sold in Buckeye for new manufacturing facility

Buckeye
by in AZRE Magazine | Brokerage | Site Selection

Cardinal IG purchased 77-acres of land in Buckeye to build a 250,000-square-foot manufacturing facility. Cardinal IG purchased the land from Evergreen Devco Inc. and Evergreen-Apache & Southern LLC. The Phoenix office of JLL brokered the deal on behalf of the sellers. Cardinal IG will develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility at the site. The project will… Read More →

Solar goes big with Arizona land purchases

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Arizona may be lacking many things, but it is certainly ripe with land. There are 9.2 million acres of publicly held land in the Arizona Land Trust and there are plenty of private land owners with parcels available, too. Solar land developers have taken notice. Since the Solar Investment Tax Credit was extended last year… Read More →

22-acres of Deer Valley industrial land sells for $7M

Industrial land
by in AZRE Magazine | Site Selection

Daum Commercial Real Estate Services negotiated the 22-acre industrial land purchase located at the southeast corner of 23rd Avenue and Alameda Road in Deer Valley. The land sold for $7 million. The transaction was made successful through Robert Lundstedt, Trevor McKendry, and Chris Rogers of Daum Phoenix, who represented both the buyer, Griffin Opportunities of Los… Read More →

Evergreen Development acquires 1.12-acre parcel in Peoria

Evergreen Development
by in AZRE Magazine | Site Selection

Evergreen Development acquired 1.12 acres of land adjacent to the new Fry’s Marketplace development at 25355 N. Lake Pleasant Pkwy., on the northeast corner of Happy Valley Road and North Lake Pleasant Parkway in Peoria. Evergreen plans to break ground on the planned 7,550-square-foot multi-tenant building this month. The Shops at Lake Pleasant are already 70… Read More →

Daum negotiates land purchase for Rainbow Ryders

LGE Design Build
by in AZRE Magazine | Site Selection

Daum Commercial Real Estate Services  negotiated the one-acre lot sale located at the southeast corner of Seventh Street and Covey Lane in Phoenix to Rainbow Ryders Hot Air Balloon Ride Co. for its future headquarters facility. The Daum Phoenix team of Trevor McKendry, Chris Rogers and Bob Lundstedt represented both the buyer, W. Scott Appelman,… Read More →

8 acres in Chandler sell for $2.4M

Chandler
by in AZRE Magazine | Site Selection

Colliers International’s  greater Phoenix office negotiated the sale of approximately eight acres of PAD-zoned land in Chandler, for $2,433,261 million or approximately $6.98 per square feet. The parcel is located north of the northeast corner of Juniper Drive and Chandler Boulevard within Chandler Corporate Center. Greg Hopley, executive vice president in Colliers’ Scottsdale office, represented… Read More →

Tactical equipment manufacturer buys 8.16 acres in Peoria

TYR Tactical
by in AZRE Magazine | Site Selection

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 8.16 acres of land located on the Northwest corner of 91st and Olive Avenues in Peoria, Arizona. Chad Dearmore represented the Seller, Narazona Corporation and Scott Truitt, of Western Land Company, LLC represented the buyer. Dearmore put… Read More →

Homes by Towne purchases 10 acres for $1.99M

Homs by Towne
by in AZRE Magazine | Site Selection

Cushman & Wakefield announced Monday Homes by Towne purchased ±10 acres at 40th Street and Lone Mountain Road in Phoenix for $1.99 million. The homebuilder plans to develop 20 lots with an average size of 80-feet by 130-feet. Cushman & Wakefield Vice Presidents Brian Rosella and Will French represented the seller, 45 Lamar LLC of Phoenix.… Read More →

Construction on tribal lands: Ready, set, build

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There are 22 federally recognized Native American tribes, communities and nations within Arizona’s borders, encompassing thousands of acres of protected or preserved land across the state. While some areas may never be available for development because of cultural ties to the tribes, a lot of opportunity for future projects exist. Knowing how to develop on… Read More →

Santé to open senior healthcare facility near Westgate

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Scottsdale-based senior housing and healthcare firm, Santé will open a new, 172-unit mixed-use senior healthcare facility in Glendale near Westgate called Santé of Westgate. Santé of Westgate will have short-term rehabilitation skilled nursing care, assisted living services and Alzheimer and dementia care services. It will also provide outpatient rehabilitation services, hospice and home health services to… Read More →

Redevelopment site in Old Town Scottsdale sells for $22.6M

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CBRE has completed the sale of a commercial property poised for redevelopment, which is located at the southeast corner of Camelback and Scottsdale Roads in Old Town Scottsdale. The sale of the ±2.72-acre site (±118,630 square feet) included the ±67,691-square-foot multi-tenant office property at 7201 E. Camelback Road and the ±1,020-square-foot retail property located at… Read More →