November 19, 2024 8:20 am
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Nationwide pays $83 million for Scottsdale land, plans regional headquarters

 

By Catherine Reagor | Arizona Republic

Insurer Nationwide is paying $83 million to buy state land in north Scottsdale, where it plans to open a regional headquarters that could bring thousands of jobs to the area.

Nationwide Mutual Insurance Co. was the top bidder at a Wednesday auction for 134 acres on the northwest corner of Hayden Road and the Loop 101, the Arizona State Land Department said.

The site is part of a bigger 1,000-acre state land site, where development to bring 5,500 jobs is on the drawing board.

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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.