Avison Young news: Find out the latest industry happenings
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young tapped by Ritchie Bros. to market 125-acre land parcel zoned for industrial development in Casa Grande, AZOctober 20, 2021
Phoenix, AZ – Avison Young Senior Vice President, Kevin Helland and Principal, Director of Brokerage Services, Mark Seale who are both out of the Phoenix office are pleased to announce they have been tapped by Ritchie Bros. Auctioneers to market for sale a rare 125-acre land parcel in Casa Grande, AZ (Pinal County). The parcel is zoned for light industrial use; is ideal for manufacturing and supply chain and logistics; and is within an opportunity zone.
The parcel features utilities to the site, existing industrial zoning, convenient access to two major interstates, and is approximately 35 minutes from the southeast Phoenix MSA labor market.
“We are pleased to have been engaged as a trusted advisor to international auction provider Ritchie Bros. to bring this industrial land opportunity to market,” said Seale. “At 125 acres, this is the largest commercial piece of land available in the area which is ideally located at the intersection of Interstates 10 and 8.”
Seale added, “Over the past several years this area has experienced incredible residential and commercial growth and is poised to continue for the foreseeable future, which is one of the reasons the timing is perfect for a developer or large user to take advantage of this opportunity.”
Helland noted, “With rising land prices and diminishing inventory of large developable sites in the Phoenix Metropolitan area, developers and users are seeking alternatives to the immediate Phoenix market. We believe Pinal County is the most logical submarket to see an increase in manufacturing and supply chain and logistics demand due to its proximity to the Phoenix MSA labor pool and major highway systems that access Southern California and northern Mexico markets.”
Casa Grande, the “economic hub of Pinal County,” offers tremendous economic assets for businesses and is home to a diverse selection of thriving industries from manufacturing to distribution to mining. Some large users that have recently located to the county include Lucid Motors, Nikola Motor Company and LKQ.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment, and the community.
Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.
Follow Avison Young
For more information:
Kevin Helland, Senior Vice President: +1 (623) 293-1543
Mark Seale, Principal & Director of Brokerage Services: +1 (602) 828-2325