290-acre San Tan Valley site sells for $8.7M
AZRE
via AZRE
AREAD Management Inc., a residential developer, and Varde Partners, a private investment company, have purchased a 290-acre development site in San Tan Valley, Arizona, for $8,700,000. The seller was Skyline & Quail, LLC. Kidder Mathews land broker, Brian Rosella, represented the seller in the transaction.
The development site is planned for Skyline Estates, a residential development planned for over 1,000 lots. It is located at Skyline Drive and Quail Run Lane in Pinal County.
“There have been very few large land transactions within the Johnson Utilities service area lately, but my clients feel confident in their ability to work with the utility provider to create a workable solution in the near term,” said Rosella.
