Land Advisors Organization’s Metropolitan Phoenix Team Closes on 70 Acre Site in East Buckeye to Scannell Properties for $6.6M
Scottsdale, Arizona (August 3, 2020) – Land Advisors Organization’s Metropolitan Phoenix office is pleased to announce the sale of an approximately 70-acre site located in east Buckeye, Arizona. The property, just south of the Interstate 10 near the corner of Miller and Durango roads, sold for nearly $6.65 million to Scannell Properties.
Greg Vogel and Wes Campbell, who represent a broad spectrum of clients including financial institutions, investors, homebuilders, industrial and master-planned community developers throughout Arizona for Land Advisors Organization’s Metropolitan Phoenix office, represented the seller in the transaction. The firm continues to advise clients on this product type and is working on several similar projects in the West Valley.
“We were very pleased to help drive the deal to bring this new distribution center to the city of Buckeye,” said Greg Vogel, founder and CEO of Land Advisors Organization. “It’s exciting to see the continued economic and population growth happening in the area, particularly in the form of large employers and new home construction.”
Plans for the site is the construction of an 850,000-square-foot distribution center for the specialty discount retailer Five Below. This marks the newest distribution center for the City of Buckeye and West Valley, which continues to grow and attract employers. Five Below plans to bring approximately 150 new jobs to the area initially and expects to grow to nearly 300 employees over the next five years.
Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. We know life is way better when you’re free to “let go & have fun” in an amazing experience filled with unlimited possibilities. With most items priced $1-$5, and some extreme value items priced up to just $10, we make it easy to say YES! to the newest, coolest stuff across 8 awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 950 stores in 38 states. For more information, please visit fivebelow.com!
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIN.
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Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965