April 19, 2024 11:19 pm
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Rail giant wins bid for 3,500 acres in far West Valley

By Audrey Jensen | Phoenix Business Journal

Texas-based BNSF Railway Co. was the winning and sole bidder for a 3,508-acre piece of land at an Arizona State Land Department auction held Wednesday morning.

The giant freight company won the auction at the minimum bid price of $49.11 million, or approximately $14,000 per acre, for the massive piece of land located in the Wittmann area just outside of Surprise. It’s also located along BNSF’s main line and U.S. Route 60.

Read the full subscription story from the Phoenix Business Journal.

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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.