November 17, 2024 11:55 pm
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San Tan Valley land sold for apartment project

By YourValley

A more than 20-acre piece of land in San Tan Valley has been purchased for more than $14 million, paving the way for a 318-unit apartment project.

The land was acquired by Z Modular, a division of Zekelman Industries, according to a press release from Western Retail Advisors, the retail brokerage firm that represented the buyers.

The site sits at the southeast corner of Gantzel Road and El Parque Lane and is surrounded by single-family housing and is walkable to retailers such as Safeway, Walgreens, McDonalds and more.

It is also just south of the $5.5 billion LG Energy Solutions battery manufacturing complex under construction in Queen Creek.

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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.