Avondale development site sells

By AZRE | AZ Big Media (Submitted Photo)

LGP Enterprises, Inc, a real estate investment partnership, has purchased a 12.5-acre development site, located at the west and northwest corner of Avondale Boulevard and McDowell Road in Avondale, Maricopa County, Arizona, for $2,651,500. The seller SCM-POG, LLLP was represented in the transaction by Kidder Mathews commercial real estate broker Brian Rosella.

The development site is near a major corridor along Interstate 10 and across the street from Phoenix Children’s Hospital. It is designated for mixed-use with the ability to rezone multifamily residential. There have been several recent announcements for future commercial development near Avondale along the healthcare corridor on McDowell Road.

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