Commercial real estate services firm Cushman & Wakefield announced, Thursday, Mark-Taylor Development, Inc. acquired 20 gross acres from Crisko, LLC for $5.4 million.

The Arizona-based developer announced plans to build a 346-unit apartment complex at the site on the southeast corner of U.S. Highway 60 and Greenfield Road in Mesa.

The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented Crisko, LLC in the transaction.

“This property offered both excellent access, with the full-diamond interchange at U.S. 60 and Greenfield, and excellent proximity to both Banner Gateway Hospital and Banner MD Anderson Cancer Center, which are immediately east of the site,” Moser said. “In conjunction with the planned expansion of the hospital and the recent expansion of MD Anderson‘s campus, Banner will be adding an additional access road off of Greenfield that will provide a second access point for the apartment complex.”

Mark-Taylor Development is an Arizona-based corporation established in 1985. To-date they have developed over 19,000 apartments units in the Southwest.