May 4, 2024 10:18 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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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.