April 3, 2017
Sunbelt Investment Holdings Inc., based in San Diego, CA, acquired 67.5 acres near the corner of Ellsworth and Elliot Roads in Mesa, AZ for $11.8 million. The buy from El Dorado Holdings Inc. of Phoenix means Sunbelt now has 270 acres for its planned, mixed-use project, Mesa Elliot Technology Park. Sunbelt previously acquired approximately 203 acres about three and half years ago.
Brent Moser, Mike Sutton and Brooks Griffith with Cushman & Wakefield in Phoenix negotiated the land transaction. Meanwhile, Cushman’s Andy Markham, Mike Haenel and Phil Haenel have the marketing assignment. Markham said he expects to have a new site plan available for the expanded business park shortly.