We recently facilitated an accumulated $20 million deal in Buckeye, Arizona, with the purpose of driving sustainable energy, warranting the name Sustainable Valley for the syndicated 200-acre land deal.
The real estate market alone makes up 49% of global carbon emissions. This fact drives our interest in making sustainable living more prevalent, especially here in our home state, and we recently assisted in connecting the land owner with the buyer for the KOREPlex land deal in Buckeye, connecting land developers and investors to city employees to better the community. The Sustainable Valley, adjacent to the KOREPlex facility, will be utilized to attract green companies as well as KORE power suppliers. The project, combining the recent land deal with the existing KOREPlex property within the same area, stands at a whopping 400 acres.
The KOREPlex facility is the first lithium-ion battery manufacturing facility wholly owned by a U.S. company. This facility is producing clean and renewable energy as well as bringing jobs to the growing city of Buckeye. Green energy is crucial as it replaces the negative effects of fossil fuels with alternatives that are environmentally friendly. Green energy is also often renewable and clean, emitting little to no greenhouse gases and is often readily available.
Buckeye is a hot market, hosting about 15 active home builders. The city is paving the way to a clean and robust economy while driving a healthier and more affordable lifestyle for Arizonians. The majority of Buckeye land is vacant, and, due to the incoming residents, the city is expanding home development as more Valley residents relocate. The Sustainable Valley will provide jobs for these incoming residents in a convenient location.
The City of Buckeye alone is expected to bring in 300,000 residents, not including surrounding areas in the West and East Valley. Maricopa County is expanding, and, while many residential developments are coming to fruition, bringing in sustainable and clean energy helps the Valley stay healthy. Arizona Land Consulting is paving the new way for the clean and sustainable energy industry by bringing it to the Valley.
Half our portfolio is dedicated to solar energy and sustainable living. I strive to promote solar and renewable energy, especially in Arizona. It has been incredible to see the Buckeye area grow and unveil the potential it has for green energy. We’re also proud to be able to give more employment opportunities to the Buckeye community while supporting sustainable living.
We hope this acquisition will help attract other green energy companies to the area. Buckeye Mayor Eric Orsborn is supportive of the project, stating in a recent Yahoo! article, “This incredible announcement is not only a win for Buckeye and our residents, but a win for the region and the entire state of Arizona. The Sustainable Valley is the future of industrial development with cutting edge technology that will secure Buckeye’s future as a leader in green energy.”
Anita Verma-Laillan is the CEO and founder of Arizona Land Consulting, a Phoenix-based land investment and consulting company that specializes in commercial real estate.
