Phoenix investor buys development site in Casa Grande

AZRE | AZBigMedia

Southern Cross, LLC, a Phoenix-area investor and developer, has acquired a 143-acre development site located at S/SWC Hwy 287 & Overfield Road in Casa Grande, Arizona, for $1,500,000. The seller was Lending Lifeline-4, LLC, a long-time owner of the property. Kidder Mathews land broker, Brian Rosella, represented the seller in the transaction.

This transaction was one of only a few to take place in Casa Grande over the last few years. The buyer had the conviction to purchase the site, even in uncertain times, due to the long-term growth predicted for this market.

Casa Grande is located strategically between Phoenix and Tucson, Arizona. New employers, as well as several homebuilders, are moving to this emerging area.

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