Gilbert deals point to Val Vista growth

Image by Siggy Nowak from Pixabay

By Gilbert Sun News

Two recent land deals totaling $12.3 million point to an uptick in development along Val Vista Drive in Gilbert south of the San Tan Loop 202 Freeway.

VV Mercy LLC spent $7.3 million earlier this month for 9 acres at the southeast corner of Val Vista Drive and Mercy Road that is proposed for a mixed-use commercial and business park development, county records show.

And a bit farther south, a Scottsdale real estate investment firm paid $5 million for 3.7 acres on the northeast corner of Melrose Street and Val Vista for two restaurants and a 10-gas pump convenience store.

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