Garden Deer Valley LLC (Garden Communities) has won an Arizona State Land Department auction for 40.87 acres at the NEC of Tatum Blvd. and Deer Valley Road in north Phoenix, across from Desert Ridge Marketplace.
The company was the only bidder and won the auction with a minimum bid of $44.1M.
Garden Communities is a residential developer specializing in high-end multifamily properties. No specific plans have been filed for the north Phoenix location. The firm was represented in the purchase by Dillon Hopley and Jim Keeley of Colliers in Arizona. (Source)