November 15, 2024 1:27 am
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Here’s what’s planned on Phoenix semiconductor supplier site

Photo via Arizona State Land Department

By Corina Vanek | Phoenix Business Journal

The $65 million purchase of 224 acres of land in the Deer Valley submarket of Phoenix was “a good investment with or without” the incoming Taiwan Semiconductor Manufacturing Co. Ltd.’s facility, Richard Mack, CEO of Mack Real Estate Group, said.

Mack Real Estate Group bought the land, which has been deemed a “supplier site” for the TSMC factory by the city of Phoenix, at an Arizona State Land Department auction Tuesday. The company paid about $10 million over the minimum bid of $55.08 million.

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