LGE Design Build snags highly sought after 7th Street corridor land
The Colony North, LLC (David Sellers, LGE Design Build) acquired 57,000 s.f. of land from LCP Holdings, LLC (Mark Panattoni). The Property is located at the SWC of 7th Street and San Juan Avenue. The sales price was $1.2 Million. LGE Design Build plans to construct 10,000 s.f. of buildings suitable for retail and restaurant uses.
New Leaf Communities beats out five other bidders to take central Phoenix residential land
Lee/Watt New Leaf, LLC (Steve Pritulsky, New Leaf Communities) acquired 2.8 acres. The property is located at the SWC of Ocotillo and 16th Street. The property is zoned R1-6 and the purchase price was $1.6 million. The buyer will develop single-family residential on the site.