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.
NEWS TICKER
- [August 29, 2025] - 160-Unit Multifamily Planned at 13th St. & Madison in Phoenix
- [August 29, 2025] - Amkor Shifts Factory Site to Peoria Innovation Core
- [August 29, 2025] - Vestar Planning Major New Mixed-Use at Legacy Park
- [August 29, 2025] - Buckeye City Council Discusses Annexing Land for Community Master Plan
- [August 29, 2025] - Arizona Projects 08-29-25
- [August 26, 2025] - Plan Revisions in Marana Would Yield New Commercial and Residential Developments
- [August 26, 2025] - Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix
- [August 26, 2025] - Round 3 of BuildItAZ Grants Announced