NAI Horizon negotiates sale of 196 acres of land at I-10 and Highway 85 in Buckeye
PHOENIX, ARIZONA (October 16, 2019) – AZ Buckeye Investors, LLC was the seller in the $3.65 million disposition of 196 acres of commercial land located at the SWC of Interstate 10 and Highway 85 in Buckeye, Arizona. The buyer is a partnership between Carefree Buckeye 196, LLC and Boeing V LLC.
NAI Horizon Senior Vice President Lane Neville and Associate Logan Crum represented the seller. NAI Horizon Vice President Troy Giammarco and Associate Joe Pequeno represented the buyer in the transaction.
“We are excited to be involved in another important piece in the West Valley,” said Scott Phillips, Director of Acquisitions of Carefree Partners, representing the buying entities. “The teamwork to put this together with NAI Horizon and the quality information and engagement we received from the City of Buckeye have both been a great part of the process so far.”
Buckeye is listed as the No. 1 fastest-growing city in the country according to the U.S. Census Bureau. Buckeye was the only Arizona city to make the list this year. There are tremendous future opportunities in Buckeye for retail shops, services and employment due to this rapid growth.
“As a premier mixed-use commercial site, this large-scale property has strong potential to play a key role in Buckeye’s expanding freeway corridor development,” said David Roderique, Buckeye Economic Development Director.
“This commercial land site is sizable and will be regionally significant as a strategically located freeway property at the western gateway of Buckeye on Interstate 10,” Neville said. “The property also fronts Highway 85, the proposed future CANAMEX Interstate 11 alignment.”
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375+ offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions thro
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit: www.naiglobal.com.