November 21, 2024 3:51 pm
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Joint venture buys Buckeye industrial parcel

By AZRE

Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic and value-add real estate investments, and Contour, a leading privately-held real estate and development company, announced today that they have acquired 54 acres of land in the city of Buckeye, Arizona, a submarket of Phoenix. The joint-venture partners will plan to develop the site for warehouse logistics uses.

The sales price for the land was $6,525,000.00, or $120,676.90 per acre, according to the commercial real estate tracking website Vizzda.

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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.