By Corina Vanek | Phoenix Business Journal
Mack Real Estate Group, the New York-based real estate developer that has been aggressively growing its presence in Phoenix, bought 124 acres in north Scottsdale that can accommodate up to 4.3 million square feet of new development.
Mack bought the land, located on Bell Road and Loop 101, for $125 million at an Arizona State Land Department auction on March 7. The site can accommodate a variety of uses, including industrial, flex space and residential. Plans are still in the works to determine what the combination of uses will be on the site.
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