November 17, 2024 2:45 pm
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SNAPPED UP! Virtua buys Payson infill site

By Michael Gossie | AZ Big Media

Ironline Partners, a real estate investment, development, and management company, has sold a 53.75-acre development site located near the southwest corner of Highway 87 and Tyler Parkway in Payson, Arizona, for $2,775,000. Kidder Mathews Senior Vice President Brian Rosella represented the seller in the transaction. The buyer was Iron Rings Holdings, LLC, a subsidiary of Virtua Partners, a national commercial real estate developer specializing in land development, hospitality, and multifamily.

“The property was one of the few remaining large pieces of property in Payson, which has been underserved regarding new development. The buyer is still early in the planning process, but the development may include retail, multifamily, and single-family communities,” said Rosella. 

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