Kent Circle Investments, LLC (Scott Seldin, manager) has purchased a 38 acre parcel on the northwest corner of Peoria Avenue and Reems Road in Surprise, Ariz. The commercial property is located in Surprise’s Greer Ranch and is 1.5 miles from loop 303. “This land is in the path of growth and one mile from our 66 acre parcel at the southeast corner of 303 and Cactus Road, across the street from Macerich’s Prasada master-planned site, that we acquired, December 2013, ” says Seldin. The Peoria Reems parcel is zoned C-2 and Kent Circle Investments is planning to hold it for future mixed-use development.
Kent Circle Investments, LLC was represented by Brad Cleaves, BC Commercial Real Estate, Inc. The seller was represented by Greg White, Senior VP, CBRE.