Plaza Companies gets negotiating rights to parcel along Loop 101

plaza-peoria
A rendering of the office project Plaza Companies plans to develop on the Peoria land parcel. /Rendering courtesy of Butler Design Group

By AZRE

The City of Peoria is continuing to push its economic development efforts with a new agreement with Plaza Companies on a critical 14-acre parcel at the southwest corner of Loop 101 and Peoria Avenue.

The Peoria City Council voted last week to grant Plaza Companies exclusive negotiating rights on the city-owned parcel with the goal of creating a new commercial office complex to attract new business to the community. The parcel enjoys excellent frontage on Loop 101.

Continued:

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