A 29-acre land parcel located at the southeast corner of Felix Road and Arizona Farms Road in Florence, Arizona, has sold for $4.7 million. Kidder Mathews Senior Vice President Brian Rosella represented the sellers Aspen Nevada SPE LLC and Dolores Darnold in the transaction. The buyer was Entitlements, LLC.
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The property is located south of Metro Phoenix’s rapidly growing San Tan Valley submarket, an area experiencing significant residential and commercial expansion. The planned Florence Tech Park, a large employment center slated for the west side of Felix Road, further enhances the parcel’s appeal and positions the site to benefit from future job creation and development in the surrounding area. Florence Tech Park will be developed by Ryan Companies and EdgeCore.
“This transaction highlights the continued growth across Metro Phoenix,” said Rosella. “Investors and developers remain confident in the long-term residential and employment expansion occurring throughout the Southeast Valley.”
The Florence, Arizona area has experienced long-term population growth and significant development planning, with increasing interest from homebuilders and investors due to its location in one of the region’s fastest-growing corridors.
