April 26, 2024 7:08 pm
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Queen Creek Town Council approves purchase agreement for Town Center land

Queen Creek

Southeast Valley Ledger

Queen CreekAt its July 16 meeting, the Queen Creek Town Council approved a purchase agreement with Thompson Thrift for the development of a Town-owned property located in Town Center. The parcel, which consists of 20 acres, is located at the northeast corner of Ellsworth Loop and Maya roads.

Thompson Thrift, a development company headquartered in Indiana, was selected by the Town after an extensive request for proposals process. The firm will pay $6.25 per square foot ($272,000 per acre) for the property and plans to build a mixed-use commercial center.

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Related: Queen Creek Mayor elected as new chair of Phoenix-Mesa Gateway Airport Authority

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.