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$27M Wins 2,080 Acres for Master-Planned Project

MARICOPA COUNTY, AZ-Working the deal off-market, Harvard Investments Inc. secures acreage near the cities of Belmont and Buckeye in western Maricopa County. The commercial plan tentatively calls for 1.1 million sf on 100 acres.

By Jennifer D. Duell | Updated on July 18, 2005

MARICOPA COUNTY, AZ-Scottsdale-based Harvard Investments Inc. has just spent $27 million for 2,080 acres near the cities of Belmont and Buckeye in western Maricopa County. The developer plans to set aside 100 acres to develop roughly 1.1 million sf of commercial space.

“There’s a finite supply of land here and there’s an enormous demand for entitled land,” says Douglas Zuber, managing partner and vice president of U.S. Operations for Harvard Investments. He tells GlobeSt.com that the land, located near 339th Avenue and Camelback Road, was never officially on the market, but rather word got out the Eugene Freedman Family LP of Chicago was ready to part it. Phoenix-based Land Advisors Organization brokered the cash transaction.

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