Walton Global, a real estate investment and land asset management company with US$3.6 billion under management, has sold 92 acres of land in the city of Eloy, Arizona. The property is an industrial zoned project within a partially developed master plan called Sunshine Industrial.
“The City of Eloy has experienced rapid growth over the last few years as businesses flock to affordably priced locations to invest in and expand their businesses,” said Rob Nixon, senior vice president of Arizona and Canada at Walton Global. “Businesses that take advantage of this prime real estate will benefit from being at the intersection of the state’s transportation infrastructure while bringing more jobs and an economic boost to the area.”
Sunshine Industrial is located in the center of the Phoenix-Tucson corridor just south of the cities of Maricopa, Casa Grande and Coolidge at the junction between interstates 10 and 8, which respectively head west to Los Angeles and San Diego, California. The 92 acres is within 277 acres with a single 12-acre commercial pad. The property also holds federal approval as a Foreign-Trade Zone (FTZ) site.
The current partial development of the site includes water and sewer infrastructure and agreements to potentially tie into the Union Pacific Railroad. The multiple access points to key roadways make it an appropriate site to distribute freight to major markets by truck and train, and existing road creates the potential for hard corner commercial uses along Sunshine Boulevard.
“The main line of the Union Pacific Railroad connects the property to major ports and transfer points in Los Angeles and El Paso, Texas,” added Nixon. “It links 23 states, connects with Canada’s rail systems and is the only railroad serving six major destinations in Mexico.”
The sale of the land in Eloy continues to show Walton Global’s strength in identifying key markets within both commercial and residential sectors.
Walton Global is a privately-owned, leading land asset management and global real estate investment company that concentrates on the research, acquisition, administration, planning, and development of land. With more than 42 years of experience, Walton has a proven track record of administering land investment projects within the fastest growing metropolitan areas in North America. The company manages and administers US$3.6 billion in assets on behalf of its global investors located in 71 countries, builders and developers and industry partners. Walton has more than 98,000 acres of land under ownership, management and administration in the United States and Canada with business lines ranging from exit-focused pre-development land investments, builder land financing and build-to-rent.