By Business Real Estate Weekly
With its recent purchase of just under 400 acres, companies formed by Jeff Garrett of Garrett Development in Phoenix and the Kemper & Ethel Marley Foundation in Phoenix have assembled 1,500 + acres in Buckeye that is targeted for a residential community with about 4,500 homes. KEMF Westwind North LLC and KEMF Westwind SH LLC paid $5.425 million ($13,839 per acre) to acquire 392 acres at the northeast corner of Lower Buckeye and Wilson roads. The seller was Westwind North LLLP, a limited partnership formed by Harvard Investments Inc. in Scottsdale (Paul Hill, Craig Krumwiede, Chris Cacheris, principals).
