PHOENIX—A deal for nearly $135 million and 11,400 acres was struck between the city of Mesa and Scottsdale-based Pinal Land Holdings LLC (PLH). The land, to be purchased by PLH in three phases, is located between Coolidge and Eloy, making it an extremely attractive purchase for an entity interested in developing central Arizona. The property is currently used as farmland.

“We chose this site for many reasons including the existing infrastructure, the current and planned transportation access and the existing sense of community born through its agricultural heritage. This really and truly is the center of Arizona,” said Jackob Andersen, PLH president.

PLH vice president Michael Zipprich said, “The acquisition will vastly grow the Metro Phoenix area and will become the catalyst in bringing Phoenix and Tucson closer together and better connected. As a group, we have worked diligently with the state, the state land department, Pinal County, Arizona Department of Transportation, the cities of Mesa and Coolidge, and Nathan and Associates Inc. to ensure the viability of our long-term vision.”