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November 21, 2019
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MULTIFAMILY NEWS
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290-Acre AZ Development Site Sells for $8.7 Mil

8/21/19

AREAD Management Inc and Varde Partners have purchased a 290-acre development site in San Tan Valley, AZ for $8.7 mil. The buyer intends to use the land for the development of Skyline Estates, a residential project planned for over 1,000 lots.

The site is located at Skyline Dr and Quail Run Lane in Pinal County, a suburb to Phoenix’s metropolitan area. Housing development in the Southeast Valley of Phoenix continues to spill into Pinal County, and builders and developers are searching for land to feed the housing demand.

The seller was Skyline & Quail LLC. Brian Rosella with Kidder Mathews represented the seller in the transaction.





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