April 24, 2024 6:28 pm
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Development site sells in Mesa

By AZRE | AZ Big Media

CBRE announced the sale of a 56.5-acre development site in Mesa, Ariz.’s Elliot Road Technology Corridor for $16.6 million to Phoenix-based real estate investor and developer Eisenberg Company.

CBRE’s Barry Gabel, Chris Marchildon and Will Mast represented the institutional seller. This was the third disposition in Arizona since 2018, and the second one in 2021 the CBRE team helped facilitate for the seller. Steve Larsen with JLL represented the buyer.

“Eisenberg Company was tremendous to work with and executed seamlessly,” said Mast. “Redundant power, plus access to abundant water, natural gas and fiber, combined with a simplified entitlement process, are the reasons why the Elliot Road Technology Corridor is a highly sought-after location from investors, developers and tenants alike.”

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