November 22, 2024 12:04 am
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Merit buys parcel in SW Phoenix

By AZRE

Land Advisors Organization announced it recently completed the sale of an 18.1-acre parcel on behalf of the Murphy Elementary School District in Metropolitan Phoenix for $4.33 million to Merit Partners, a developer specializing in acquisitions and development of industrial, flex, and office properties.

Land Advisors Organization broker Michele Pino in partnership with Jackie Orcutt, a broker with CBRE, represented the seller, Murphy Elementary School District No. 21. Representation of the District was awarded through the competitive RFP process. Land Advisors Organization and CBRE also jointly represented the buyer, Merit Partners. The land parcel is located at 1441 S.

27th Ave., in Phoenix.  Murphy Elementary School District is a public school district serving students in Southwest Phoenix from preschool to 8th grade. 

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