Economic development

Here’s how Pinal County could shape up over the next decade

Published on by Matt Herrington

Future focus on office, health care development By 2030, Pinal County is expected to grow by another 130,000 people focus on bringing office development, health care and tourism and entertainment options   https://www.bizjournals.com/phoenix/news/2023/03/23/pinal-county-arizona-industrial-growth-next-decade.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=PH&j=3093 9522&senddate=2023-03-23

New industrial park proposed for Pinal County city of Eloy

Published on by Matt Herrington

50-acre site in Eloy Support the growing manufacturing base in Pinal County and companies like Lucid Motors, Nikola Corp., Kohler Co. and Procter & Gamble construction by the fourth quarter of 2023 Pinal County’s lower costs, workforce, housing and education options have continued to draw more companies to locate south of the Phoenix metro as […]

INDUSTRIAL LAND IN WEST CASA GRANDE IS KINDA HOT …

Published on by Matt Herrington

… and one of the few remaining lots in the City’s original industrial park just closed November 30, 2022 4.94ac just east of HEXCEL on Gila Bend Hwy / Hwy 84 $865,000 or $4.02/sf cash Seller was local media company owner family (Kramer) Parcel presumably has all utilities to site, and existing industrial zoning in place Buyer was […]

Public hearing and consideration of a request by Mesa Cobre Holding Corporation for a Temporary Use Permit (DSA-22-00200)

Published on by Matt Herrington

Mesa Cobre proposes to conduct mineral exploration drilling activities within a 7,000-acre area in the City Mineral exploration drilling activities located north of West Gila Bend Hwy., south of Maricopa/Casa Grande Hwy., east of North Indian Valley Rd. and west of Bianco Rd. Mesa Cobre Holding Corporation on behalf of Ivanhoe Electric Requests authorization from […]

ELOY INDUSTRIAL FACILITY SELLS

Published on by Matt Herrington

August 29, 2022 47,211sf building on 8ac @ 1330 W Battaglia Rd $5,500,000 or $116.50/sf cash Intention of Buyer HERITAGE BATTERY RECYCLING, LLC, an Indian Limited Liability Company unknown but presumably their intended use has to do with the recycling of batteries

LUCID CLOSES ADDITIONAL ACREAGE

Published on by Matt Herrington

This transaction is shrouded in mystery, because since the buyer was technically a political subdivision of the State of Arizona (Pinal County), the deeds could be recorded with an exemption to reporting the deal particulars on an Affidavit of Property Value. Reference various media reports of the financing vehicle whereby Pinal County floats bonds for […]

LAPOUR DEVELOPMENT CLOSES 205ac INDUSTRIAL PARCEL

Published on by Matt Herrington

June 8, 2022 205ac $2,400,000 or $11,707/ac Buyer LaPour Development intends to develop the site as CG COMMERCE CENTER into sites for industrial development including manufacturing, warehousing/logistics, both “spec” and build to suit custom spaces Broker for the development is Stein Koss at Lee & Associates Tish Sopha # Title Security in Casa Grande handled the […]

AIRPARK INDUSTRIAL (MAYBE?) PARCEL SELLS TO INVESTORS

Published on by Matt Herrington

Burris Rd frontage is probably a big deal for future north-south connector to Casa Grande’s burgeoning southern industrial areas, so maybe this parcel quill have some great use someday … for now, it is bereft of infrastructure, and in airport overfly zone May 31, 2022 80ac $600,000 or $7,500/ac Buyer intention unknown

AND ANOTHER VERMA DOUBLE-ESCROW TO LUCID

Published on by Matt Herrington

Not the first, and certainly not the last time that Lucid is clawing up every acre it can get its hands on around its existing campus May 17, 2022 40ac First sale (Wells to Verma):  $6,533,999 or $3.75/sf Second sale (Verma to Lucid):  $7,500,000 or $4.30/sf Gross (instantaneous) profit to Verma:  $966,001 Lucid continues its site expansion-driven land […]

BARNES BUYS ANOTHER 80 IN PATH OF INDUSTRIAL PROGRESS

Published on by Matt Herrington

A major seller as well, Vernon Barnes just bought an 80 to go with a 240 he bought earlier this year on the hot westside of Casa Grande. May 13, 2022 80ac farm, PLUS farm residence (Serrano residence) and several ancillary farm buildings $5,014,750 or $1.44/sf (ignoring the valueof the residence) The resulting 320 makes a very […]

IT’S CALLED A DOUBLE ESCROW, and DOUG KEELING …

Published on by Matt Herrington

… leaves a cool Million on the table.  Doug had it sold to the Verma bunch when Broker Kirk McCarville approached them about selling the parcel to Lucid, which Verma did for a cool, quick mil. May 2, 2022 80ac First sale $8,820,000 or $2.53/sf Second sale (to Lucid) $9,9800,000 or $2.81/sf Watch for more eye-popping wallet-busting […]

LAST BIG LOT IN VIP/SONORAN INDUSTRIAL PARK SELLS

Published on by roxcom

With the crush of giant new Industrial plants, it was inevitable that smaller, fully-serviced industrial lots would become scarce.  The VIP and SONORAN INDUSTRIAL parks tick all the boxes:  already subdivided into smaller lots, with all infrastructure and even some rail, appropriate zoning, and on the industrial side of town, ESPECIALLY WITH THE DIFFICULTY OF […]

BUT WAIT, THERE’S MORE …

Published on by Admin2

BUT WAIT, THERE’S MORE … What the nice, shiny article DIDN’T say was that these sharp promoters went to the trouble to add $1,258,652 to the price they paid before selling it to their own investment entity – marking it up to their own investors.  Kinda a no-lose situation … So their own investors are now in […]

SPEAKING OF CRAZY-HIGH PRICES …

Published on by roxcom

… how about 945ac of farmland east of Eloy for $94,500,000 or $100,000/ac  or $2.30/sf?!!! Some things you just can’t make up.  But – hey – who am I to say this property won’t sell for that?!

I-8 & I-10 INDUSTRIAL LAND SALE TO USER?

Published on by roxcom

In a series of transactions starting Feb 11. 2022, three adjacent parcels transacted to same buyer for a GRAND TOTAL of 18.34ac, 1,321,000sf, AVERAGE $1.65/sf 016732:  5.68ac, $355,000, $1.43/sf 016739:  3.63ac + 3.44ac = 7.07ac, $424,200, $1.38/sf’ 016773:  9.03ac, $541,800, $1.38/sf Buyer is Richard Grubenhoff with Indentico Print Services Buyer intention unknown

Interest from big manufacturers fuel economic growth in San Tan Valley, Pinal County

Published on by roxcom

Economic development in Pinal County is on the rise, according to Pinal County Economic Development Manager Tim Kanavel. “We’ve increased quite a bit,” Mr. Kanavel said during a phone interview, “especially with large projects. Remember when Tesla was looking everywhere, including Coolidge? Suddenly Pinal County is on the map.” Continue reading article at