April 25, 2024 7:31 pm
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Phoenix ‘supplier site’ for Taiwan Semiconductor sells at auction

Photo via Arizona State Land Department

By Corina Vanek | Phoenix Business Journal

An entity of Mack Real Estate Group, a New York-based firm that has been focusing on growing in the Phoenix market, bought a key parcel of land deemed a “supplier site” for the Taiwan Semiconductor Manufacturing Co. (TSMC) plant at an Arizona State Land Department auction.

Craig Henig, executive director of Mack Real Estate Group Management, was the designated bidder for Mack, and bid $65 million for the land at the auction held on Tuesday. Mack outbid VanTrust Real Estate in the auction, which offered the minimum bid of $55.08 million.

Read the full subscription story from the Phoenix Business Journal.

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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.