Shopoff Realty Investments acquires 270 acres of land in Mesa, Ariz.
Shopoff Realty Investments has purchased 269.6 acres of land located at East Elliott and South Sossaman Road in an unincorporated part of Maricopa County, adjacent to Mesa, Ariz.
“This property is located in a burgeoning employment hub with increasing demand for manufacturing space,” explained Shopoff President and CEO William Shopoff. “We plan to work closely with the city to annex the property into the City of Mesa, and subsequently entitle the property for manufacturing use, in order to meet market demands.”
The property is well positioned for manufacturing use, located approximately three miles from the Phoenix-Mesa Gateway Airport, and within Loop 202, which connects the East and West Phoenix Valley and provides ease of transportation across the metro. A former dairy farm, potential plans for the property may include 12 to 15 buildings, with up to 4.1 million leasable square feet and an average building size of 500,000 square feet.
Brian Rupp, S