Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 8.16 acres of land located on the Northwest corner of 91st and Olive Avenues in Peoria, Arizona.
Chad Dearmore represented the Seller, Narazona Corporation and Scott Truitt, of Western Land Company, LLC represented the buyer. Dearmore put the buyer in touch with LGE Design Build to develop their new facility.
The Buyer, TYR Tactical purchased the site for $2.8mm.
The City of Peoria was recently ranked in the Top 100 Places to Live in Money magazine and offers an expedited plan review and permitting process as part of the city’s strategic development agenda.
“When large scale companies like TYR Tactical are looking to construct a brand new facility, putting them in contact with Industry leaders such as LGE Design Build to develop their project was a natural fit. This 8.16/AC of vacant land gave us an opportunity to do just that,” Dearmore said.