Saturday, November 25, 2006

Buckeye land fetches new high

From the Arizona Republic:

Land Baron Investments recently closed on a 152-acre parcel of vacant land at the northwestern corner of Thomas Road and the Sun Valley Parkway in Buckeye for roughly $15 million, or about $98,000 per-acre. This deal and several other projects are part of the latest push to develop the 30-mile stretch of the Sun Valley Parkway. "We think this area is poised to explode," said Brent Moser, a senior vice president with Grubb & Ellis, who was involved in the deal. The property will have new homes and retail. "We have seen major developers and home builders get on (Sun Valley Parkway)," said Brian Rosella of Grubb & Ellis. "Land Baron is seeing it as the future of Buckeye and the West Valley as a whole. You will see it be the premier area."

http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/arizonarepublic/business/articles/0508biz-sunvalley08.html

1 comment:

Unknown said...

thanks for sharing

I believe $98,000 bit expensive it would have been great if the price is little bit less

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