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.
Read the full subscription story from the Phoenix Business Journal.