PHOENIX—Cassidy Turley announces the sale of 9.7 acres of land near the northwest corner of Indian School Road and Falcon Drive in Goodyear.
Phoenix-based NexMetro Palm Valley, LLC, dba NexMetro Communities, purchased the property from Phoenix-based Southwest Next NWC Indian School & Falcon. Cassidy Turley associate vice president Ryan Leavitt negotiated the transaction on behalf of the seller, while Waseem Hamadeh of Land Advisors Organization represented the buyer.
“NexMetro has proposed plans for a luxury rental community made up of 125 attached or detached single-story homes,” says Leavitt. “The Avilla development is a leased home neighborhood that combines the elements of single-family and multi-family residential living environments.”
NexMetro Communities is a luxury rental home builder with nearly 1,000 homes already completed or currently under construction in Arizona and the Dallas/Fort Worth area. Expansion is planned for additional Western Sunbelt markets beginning in 2015.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
