has decided to get in on the action happening in the Southeast Valley.
Moreno, owner of the Los Angeles Angeles and one of Arizona’s billionaires, purchased an approximately 21-acre vacant lot in Gilbert for $24.5 million on April 28, according to Tempe-based real estate database Vizzda LLC. The acquisition includes two parcels: a nearly one-acre parcel located at 2590 S. Market St. and a 20-acre parcel located at 2025 E. Williams Field Road.
San Tan Crossing LLC, an entity tied to Moreno, acquired the property from Macerich Company — a Santa Monica, California-based real estate firm which owns Valley properties such as Scottsdale Fashion Square…