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30.5 Acres in Growth Path Sell for $6.32M

SURPRISE, AZ-Gerard C. Scott of Litchfield Park placed a "for sale" sign on the property but wasn't getting many offers until buyer CMJ, LLC of Phoenix came along with a multi-million dollar bid, according to one of the brokers involved in the deal.

By Bev Ford | Updated on November 06, 2002

SURPRISE, AZ-A group of Phoenix investors has put down $6.32 million for 30.5 acres here that could become one of the prime crossroads in the Northeast Valley in coming years.

John Bullington of CB Richard Ellis, which handled both sides of the transaction, tells GlobeSt.com that seller Gerard C. Scott of Litchfield Park, had placed a “for sale” sign on the property but wasn’t getting many offers until buyer CMJ, LLC of Phoenix came along with a multi-million dollar bid. “It was a good price for a speculator to come in and close it very quickly, which is what they did,” says Bullington.

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