Growth in Queen Creek attracting builders and developers
PHOENIX, Jan. 10, 2018 – Cushman & Wakefield announced that Magic Lake 80, LLC of Columbus, Ohio sold 52 acres at Hunt Highway and Heritage Road in Pinal County, Ariz. Lookout Mountain Partners, LLC of Scottsdale, Ariz. purchased the land for $1.25 million.
Brian Rosella of Cushman & Wakefield represented the seller. The buyer, Lookout Mountain Partners, plans to gain entitlements for a residential subdivision to sell to homebuilders.
Cushman & Wakefield is tracking land transactions in the Hunt Highway/San Tan Corridor and has noticed that the number of transactions rose 39% from 2016 to 2017. “The Hunt Highway corridor is receiving a lot of attention from builders and developers right now because of all the growth in Queen Creek,” said Brian Rosella.
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Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.