US Capital Development has taken the next step in developing its planned 2.7MSF Paloma Vista Logistics Center in Buckeye with the nearly $25M purchase of 162 acres at the NWC of Perryville and McDowell roads.
Seller Cowley Companies was represented by Insight Land & Investments.
US Capital Development has received approval from the City of Buckeye for infrastructure development around the site, which had previously been planned for residential uses. The company and the City entered into an infrastructure reimbursement agreement in October.
The firm plans to construct a 1.5MSF building in the first phase and a 1.2MSF building in the second. No timeline information has been released. (Source)