With development plans already underway for major projects in both the East and West Valleys, VanTrust Real Estate, LLC, Phoenix recently acquired 20-acres of land for $12.2 million from the Rockefeller Group, New York City, at Chandler Boulevard and the Loop 101 to build a mixed-use development with office, hotel and retail.
It marks the latest development opportunity for VanTrust in the Valley and its continued momentum throughout the Arizona market in the last year, which consists of projects for industrial, multifamily and office space.
“The site is surrounded by an incredible amount of amenities, and offers convenient access to the entire Valley. The completion of the Loop 202 will further enhance this strategic location. We are also enthusiastic about continuing our partnership with the City of Chandler,” said Keith Earnest, executive vice president of VanTrust.