November 21, 2024 9:17 am
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Rose Law Group

SOLD! Residential parcel in Buckeye

By AZRE

Avison Young announced today it has completed the $7.93 million sale of a 10.9-acre land parcel located in Buckeye, AZ. The site is within an opportunity zone and is slated for the development of a 204-unit garden-style multifamily project.

Avison Young Principal James DeCremer who is based in Phoenix negotiated the sale on behalf of the seller, Watson and I 10 Thirty Four, LLC. The buyer, Pedcor Companies, an Indiana-based full-service development, construction, property management, banking and finance company, was represented by Will French of Cushman & Wakefield.

The planned garden-style apartment project will include one-, two- and three-bedroom units with construction timing yet to be determined. 

The site is located at the Southeast corner of the Watson Road interchange in Buckeye, AZ.  It is highly visible from the adjacent Interstate 10.

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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.