VIZZDA—July 26th, 2012 -- Tratt Properties based in Phoenix acquired a land assemblage in Goodyear, previously planned as the Sarival Crossing Business Park for $2,581,475 or $35,948 per acre. The site totals 71.81 acres per Phoenix zoning docs and is zoned PAD. Sarival Crossing was recommended for final plat approval by Goodyear planners June 23rd, 2008. The final plat called for subdividing the land into 18 parcels--an 8.68 acre Commercial Business Park, 30.59 acres of land zoned I-1 and 20.94 acres of land zoned I-2.
Larry Van Tuyl of Van Tuyl Auto Group was the seller. Mr. Van Tuyl previously acquired the property June 29th, 2009 in a non-money sale after purchasing a $14.151m note dated May 24th, 2006 from M&I Bank on April 1st, 2009. The last purchase of the property was May 24th, 2006 for $ $7,808,421. Tratt Properties has a distinguished history of developing and owning distribution centers in the Greater Phoenix area. No debt was recorded with the sale. Tratt acquired the property under the legal entity: Elwood Logistics Center LLC.
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BY:
Hadden Schifman
Managing Director
Hadden Schifman
Managing Director
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