The Phoenix skyline is getting an upgrade. Aspirant Development has acquired a two-acre land site in Downtown Phoenix with plans to develop the tallest building in Arizona. Aspirant Development purchased the property from Desert Troon for $9.2 million in an off-market deal.

Brent Moser and Mike Sutton, principals at Lee & Associates, brokered the land deal on behalf of the seller. Sutton described the deal as being the right time and the right place for Desert Troon. "Brent and I had a relationship with both the buyer and seller and connected the dots," Sutton tells GlobeSt.com. "The attributes the property offered—including the size, allowed heights, allowed density and location—set the stage for an iconic project that we knew the buyer would find attractive."

Aspirant plans to build two towers on the site, including an apartment building, office and a hotel. The property will total 1.8 million square feet with 390 units of class-A luxury apartments, a 254-room, four-star luxury hotel, 190,000 square feet