Land Is Disappearing Around SE Valley Airports

Three land sales this month around growing East Valley airports show the strong demand from real estate investors betting on the need for industrial and office space.

Paragon Properties purchased 303 acres near Williams Gateway Airport and now controls about 525 acres. "Williams Gateway Airport has been earmarked as the new distribution airport for Phoenix, so we're planning on all that new growth," said Paragon owner Doug Dragoo. Dragoo plans office, light industrial and cargo-related space on the land.

Dragoo's land is adjacent to the General Motors Proving Grounds, which is expected to be a future 5,200-acre master-planned community that will include some 14,000 homes and commercial development.

Other deals around airports include Colliers International purchase of 20-acres near the Chandler Airpark for the future Chandler Airpark Business Center, and Hewson Co's purchase of eight acres near Falcon Field for a 100,000 square foot spec industrial building. More...

These deals show that the East Valley is growing the jobs that will support the residential growth in the East Valley and Pinal County.