SRS has completed the $10 million sale of a 31-acre commercial land parcel at the northeast corner of Hunt Highway and Gary Road in San Tan Valley, Arizona. The transaction marks a significant milestone in the commercial expansion of the rapidly growing southeast Phoenix submarket.
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The property was sold by WinCo Foods, which originally acquired the larger parcel from Miller Global in 2023. WinCo has retained 10 acres of the site, where it recently broke ground on a new WinCo Foods store. The remaining 31 acres were acquired by a venture between Scottsdale based Pennant Development, LLC and Nashville based REALM, LP which has tapped SRS to handle the leasing for the forthcoming Skyline Ranch Marketplace retail center…