By NAI Horizon and Crescent Communities
NAI Horizon represented Gilbert Growth Properties LLC (Park Corporation) in the disposition sale of 8.61 acres of land at Val Vista Square in Gilbert to Crescent Communities, LLC.
Val Vista Square is a large, mixed-use commercial land development at the SEC of Val Vista Drive and Pecos Road, just north of the Loop 202 in Gilbert. NAI Horizon Senior VP Lane Neville and Associate Logan Crum represented the seller in the $7.5M transaction.
The new development is for a high-density, luxury apartment project. The buyer, CC Val Vista, LLC (Crescent Communities) is a nationally recognized developer. The new, 317-unit multi-family community is called NOVEL Val Vista.