Pinal Land Holdings purchased more than 11,400 acres of land in Pinal County, Arizona
, to create a new Southeast Valley economic zone. The land, previously owned by the City of Mesa, will be purchased in three phases.
"This piece of real estate converges the Southeast Valley with Metro Phoenix making it an economic engine for growth," said Steve Miller, District Three Supervisor and Chairman of the Pinal County Board of Supervisors…We are excited for what this will do for the community, the planned North South Freeway and Arizona's economy. This is an opportunity for the Pinal County communities to work together and shape our future to be the best place to live, work and play in Arizona."
According to the buyer, “this is one of the largest land deals in the history of the City and represents a great economic outcome for the surrounding communities and a positive shift in the real estate industry.”
The property is comprised of 86 parcels that lie from Curry Road to the west, Clemans Road to the east, Bartlett Road to the north and Houser Road to the south. Primarily used for agriculture, the property currently sits within the city limits of Coolidge and Pinal County.
"After a comprehensive purchase process, we are very excited to be the investors that will bring this economic boom to the Southeast Valley and Arizona," said Jackob Andersen, PLH President. "We chose this site for many reasons including the existing infrastructure, the current and planned transportation access and the existing sense of community born through its agricultural heritage. This really and truly is the Center of Arizona."
Michael Zipprich, PLH Vice President said, "The acquisition will vastly grow the Metro Phoenix area and will become the catalyst in bringing Phoenix and Tucson closer together and better connected. As a group, we have worked diligently with the State, the State Land Department, Pinal County, Arizona Department of Transportation, the cities of Mesa and Coolidge and Nathan and Associates Inc. to ensure the viability of our long term vision."
Nate Nathan, broker at Nathan and Associates Inc., which represented the City of Mesa said; "It was a good move on Mesa's part to buy the land originally and based on the Mayor and City Council's strategic planning, they knew when to sell," said Nathan. "With a rich history in strategic investments, development and an agricultural affiliate, the principals of PLH LLC were absolutely the right fit."
"With this investment, PLH will help secure a better quality of life for our community, spur industrial growth and ultimately create jobs for the region," said Rick Miller, Growth Management Director for the City of Coolidge. "I have been working with the principals of PLH for several years on properties in Casa Grande, and I see them as a great partner with integrity in everything they do."