Published:
Views: 1916

Private Investors Acquire 11,400 Acres of Arizona Public Land

Real estate investment firm Pinal Land Holdings announced it has closed on 11,400 acres of public land west of Phoenix. The 88 parcels are within the city limits of Mesa, in Coolidge and Pinal counties, and are primarily agricultural tracts.

ArizonaCottonCrop_lg

Real estate investment firm Pinal Land Holdings announced it has closed on 11,400 acres of public land west of Phoenix. The 88 parcels are within the city limits of Mesa, in Coolidge and Pinal counties, and are primarily agricultural tracts. Mesa leaders bought the land in the 1980s for a water farm but never broke ground on the project. The latest three-phase sale agreement could net Mesa up to $135 million, which city leaders hope will fuel development projects such as higher education initiatives and a new training complex for the Chicago Cubs. No details have emerged on what Pinal plans to do with its new holding. The investment company was formed solely for the purpose of this acquisition.

Read more here.

Posted in Feature, News Desk

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

News By Region

The Land Report is proudly partnered with: Hall and Hall Bates Land Consortium Mossy Oak Properties United Country Real Estate Live Water Properties Fay Ranches Inc. Mirr Ranch Group californiaoutdoorproperties.com Whitetail Properties TerraStone Land Company Hayden Outdoors Real Estate Western Ranches LandLeader

Contact to Listing Owner

Captcha Code
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast