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Land leased in Pinal County for planned solar project

By Real Estate Daily News

PINAL COUNTY, ARIZONA (February 1, 2023) – NAI Horizon facilitated a unique solar-related land lease on behalf of a Texas-based seller/landlord for approximately 147 acres of agricultural-zoned land in Pinal County. The buyer/lessee plans to build a solar energy production facility.

The property, which sits one half mile north of Interstate 8, is located at the NEC of the intersection of Cornman and Midway roads.

Senior Vice President John S. Filli, SIOR – an industrial, land, and investments sales specialist with NAI Horizon – represented Royal Estates at Midway, a Texas limited liability company from Flower Mound, Texas. The 2-year lease totals almost $300,000.

The site had been in escrow for 60 days before the buyers, Casa Grande Investments, LLC, an Arizona limited liability company (solar energy project partner No. 1) and Seguro Energy Partners, LLC, an Arizona limited liability company (solar energy project partner No. 2) worked out an arrangement.

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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.