Land Advisors Organization announced it recently closed on two deals totaling 50 acres, representing two separate sellers at the SEC of Highway 84 and Burris Road in Casa Grande, Arizona. The buyer of both parcels, KPPC Advanced Chemicals Inc. (KANTO-PPC), is a chemical supplier to the Taiwan Semiconductor Manufacturing Company (TSMC), which has a multi-billion-dollar project under construction near Interstate 17 and Loop 303 north of the Valley.
Land Advisors Organization’s advisors Kirk P. McCarville, CCIM, and Pinal County Specialist Trey Davis represented the seller, San Carlos 198 LLC (Charles Lawrence Principal) in the $1.783 million sale of 26.22 acres. McCarville and Davis also represented The Kendler Family Trust (Edward Kendler Principal) in the $1.912 million sale of 24 acres of agricultural raw land.
The 26-acre sale fetched $68,000 per acre; the 24-acre deal fetched $79,700 per acre.
READ ALSO: Taiwanese chemical company’s investment another sign of Arizona’s growing semiconductor industry
“KANTO chose Casa Grande because of the competitive land price, efficient rail infrastructure, housing affordability for employees, and the high-quality schools in the area,” said McCarville, who added KANTO-PPC is the sixth semiconductor supplier to land in Casa Grande and the fifth that he and McCarville have helped to locate.
KANTO-PPC provides high purity electronic chemicals required in the processes of semiconductor and optoelectronics industries. It collaborates with KANTO Chemical Japan to build manufacturing plants with state-of-the-art clean rooms as well as research and development equipment in Taiwan. As the precision requirement of semiconductor processes has become more vigorous, KANTO upgrades the product quality and also develops the products of next generation to enhance the international competitiveness of the semiconductor and optoelectronics industries.
The two parcels are located near the Pinal County Tech Park, a two-phase, ±1,064-acre, rail-served industrial park. With its proximity to the TSMC semiconductor factory and Intel expansion plus Lucid Motors and Nikola, the Pinal County Tech Park has received tremendous interest from companies in the semiconductor supply chain and the Tier 1 and Tier 2 electric vehicle manufacturer suppliers.
McCarville and Davis have represented the Pinal County Tech Park, Central Arizona Commerce Park and the Barnes Farm Industrial Area recently in four other major industrial transactions. These deals include Kohler’s 206-acre greenfield plumbing products manufacturing facility, ancillary warehouse and office space site; the 84-acre CCCP manufacturing and distribution facility site; the 27-acre site for LCY Electronic Materials 80,000 square-foot manufacturing facility; and the 20-acre Jing He Sciences manufacturing facility parcel. Michele Pino, an advisor with Land Advisors Organization, represented the buyers in the CCCP, LCY Electronic Materials and Jing He Sciences transactions.
