Dale Cavan, a Phoenix-based developer, has purchased a 24-acre parcel in Casa Grande at the southeast corner of Thornton Road and Ash Avenue, with plans to build a new commerce park. The Casa Grande Commerce Park will feature a series of speculative buildings under 70,000 square feet to accommodate industrial needs in the area.
Kirk McCarville, CCIM, and Trey Davis with Land Advisors Organization represented the buyer and the seller in the transaction. The deal fetched $85,743.79 per acre.
This marks the third land closing with approvals for speculative industrial development in Casa Grande. The city has received significant attention nationally and internationally recently due to announcements by major manufacturers coming to or expanding facilities in the area.
Photo courtesy of Land Advisors Organization
