MPC in Marina expands with land acquisition

By Karen Schutte | Real Estate Daily News

MARANA, ARIZONA – Bela Flor Communities has assembled 455 acres for a new master planned community, called Mandarina, in Marana with the purchase of 113 additional acres for $4.25 million.
The transaction closed August 1, 2022, and is being called Madarina Phase II being held for development.

Mandarina Phase I is a proposed mixed-use development on 342 acres at the intersection of Tangerine Road and the I-10/Union Pacific Railroad (UPR) Corridor. The project is proposed to include up to 2,500 residential units (single family detached, single family attached and multi-family) and commercial units including retail, hotels and more. The Mandarina Specific Plan-2009 was actually approved in 2009.

Rob Glaser with Cushman & Wakefield | PICOR represented the seller, Venture West’s affiliate, Tangerine Investment Partners, LLC. Brent Moser and Mike Sutton with Lee & Associates of Phoenix represented the developer, Bela Flora et al. and continues to represent the developer for lot sales at Mandarina.

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