Executive Summary
Land pricing is sharply bifurcated across the metro. Raw, utility-dependent Buckeye acreage traded for roughly $9,000 per acre (310 acres near Woods Road and US 85), while entitled Southeast Valley land near Meridian and Germann in Queen Creek commanded about $432,000 per acre, a reminder that proximity, entitlements, and infrastructure heavily dictate land basis.
Industrial demand stayed broad-based across leasing, small-bay sales, and the TSMC-driven pipeline. Health-tech firm Fullscript took 171,862 SF of new Class A space in Chandler, small-bay and outdoor-storage assets in Tempe and Deer Valley traded (525 S. McClintock for $5.75 million), and the development pipeline advanced with Ten56's 180,000-plus-SF Chandler spec project and The Forge, a proposed roughly 800,000-SF industrial project at Halo Vista aimed at Taiwan Semiconductor suppliers.
Power and utility infrastructure has become the primary land-use driver in the growth corridors. Buckeye's roughly 1,948-acre Westpark master plan is organized around a $1 billion-plus Arizona Public Service substation complex rated up to 16 gigawatts, while Mesa's SR-24 and Signal Butte corridor keeps drawing retail and mixed-use activity (Destination at Gateway, Target at Medina Station).
Land
LW Land Group Sells 310 Acres at Woods Road and US 85 in Buckeye for Nearly $2.8 Million - AZBEX (June 30, 2026) A 310-acre parcel at the northwest corner of Woods Road and US 85 in Buckeye traded for just under $2.8 million, with LW Land Group as the seller and the buyer undisclosed. The pricing reflects the deep-discount basis still available on raw, utility-dependent land at the far western edge of the metro.
Sale price: approximately $2,800,000 for 310 acres (about $9,000 per acre, roughly $0.21 per land SF)
Northwest corner of Woods Road and US 85, Buckeye
BC Invest Acquires 16.13 Acres at Meridian and Germann in Queen Creek for $6.97 Million - AZBEX (June 30, 2026) BC Invest purchased a 16.13-acre parcel at Meridian Road and Germann Road in Queen Creek from Superstition View Ranchettes, LLC. The per-acre pricing shows how much more closer-in Southeast Valley land commands relative to the far West Valley.
Sale price: $6,970,000 for 16.13 acres (about $432,000 per acre, roughly $9.92 per land SF)
Meridian Road and Germann Road, Queen Creek
Multifamily
108-Unit North Phoenix Community Acquired, to Be Rebranded Rise at the Northern - REBusinessOnline (June 29, 2026) A 108-unit community at 17840 N. Black Canyon Highway was acquired and will be repositioned as Rise at the Northern. Pricing was not disclosed.
108 units at 17840 N. Black Canyon Highway, Phoenix
Value-add repositioning and rebrand; price undisclosed
Avilla Foothills Opens with 108 Build-to-Rent Homes in Surprise - AZ Big Media (July 1, 2026) Avilla Foothills opened at 12350 N. Cotton Lane in Surprise, adding 108 build-to-rent homes on a 9.3-acre site and underscoring continued build-to-rent delivery in the Northwest Valley.
108 build-to-rent homes on 9.3 acres
12350 N. Cotton Lane, Surprise
Industrial
Fullscript Leases 171,862 SF at Chandler Airpark 202 - AZBEX (June 30, 2026) Health-tech company Fullscript leased a newly built Class A facility at Chandler Airpark 202, relocating employees from a Phoenix location.
171,862 SF lease
Newly delivered Class A space in Chandler
Item America Leases 62,700 SF at Elliot 96 in Southeast Mesa - AZBEX (June 30, 2026) Item America LLC, a subsidiary of Item Industrietechnik GmbH, leased space at the two-building Elliot 96 project in southeast Mesa, which also houses third-party logistics tenant Retroship.
62,700 SF lease
Two-building project in southeast Mesa
Stos Partners Acquires 40,023 SF Small-Bay Warehouse in Tempe for $5.75 Million - AZ Big Media (July 1, 2026) Stos Partners bought a 40,023-SF small-bay industrial warehouse at 525 S. McClintock Drive in Tempe from a private owner, on 2.65 acres.
Sale price: $5,750,000 for 40,023 SF (about $143.67 per SF)
525 S. McClintock Drive, Tempe
Deer Valley Industrial Outdoor Storage Site Sells for $4.75 Million - AZBEX (June 30, 2026) An industrial outdoor storage investment at 9801 N. 19th Ave. in Phoenix's Deer Valley area sold, comprising multiple structures totaling 7,100 SF on 2.67 acres.
Sale price: $4,750,000 on 2.67 acres (about $1.78 million per acre, roughly $40.83 per land SF)
7,100 SF of structures across 2.67 acres of outdoor-storage land
Ten56 Brings More Than 180,000 SF of Speculative Industrial to Chandler - AZ Big Media (June 30, 2026) Ten56 will deliver more than 180,000 SF of speculative industrial space at the southwest corner of 56th Street and Chandler Boulevard in the West Chandler employment corridor.
More than 180,000 SF, built speculatively
Southwest corner of 56th Street and Chandler Boulevard, Chandler
The Forge Proposes About 800,000 SF of Industrial at Halo Vista - AZBEX (June 26, 2026) The first industrial development in the 2,400-acre Halo Vista master plan (Mack Real Estate Group and McCourt Partners) was submitted to the City of Phoenix. Called The Forge, the three-phase, roughly 800,000-SF project on 55 acres at the northwest corner of 43rd Avenue and Dove Valley Road targets Taiwan Semiconductor Manufacturing Company suppliers.
About 800,000 SF across three phases on 55 acres
Designed to serve TSMC suppliers
Retail
Diversified Partners Advances 163-Acre Destination at Gateway Power Center in Mesa - Connect CRE (June 25, 2026) Diversified Partners is moving ahead with Destination at Gateway at Signal Butte Road and SR-24 in Mesa, combining an approximately 80-acre auto mall ("24 Auto Row," eight parcels) with an adjacent retail power center. West-side site work is targeted for completion in Q3 2026, with visibility to more than 62,000 vehicles daily.
163 acres total; roughly 80-acre auto mall plus a retail power center
Site work targeted for Q3 2026 completion
Redeemer Bible Church Buys Former Fry's Grocery Store in Gilbert for $10.15 Million - AZBEX (June 30, 2026) Redeemer Bible Church acquired a 61,800-SF former Fry's grocery store near Val Vista Drive and Baseline Road in Gilbert from Lakeview Village Corporation.
Sale price: $10,150,000 for 61,800 SF (about $164 per SF)
Adaptive reuse of a former grocery box near Val Vista and Baseline
Target to Anchor the New Medina Station Center in Mesa - Phoenix Business Journal (June 25, 2026) Target will open an approximately 148,000-SF store at 1517 S. Signal Butte Road in Mesa, becoming the first retailer to open at the new Medina Station center on the Signal Butte corridor just north of U.S. 60.
Approximately 148,000 SF; opening slated for late July 2026
1517 S. Signal Butte Road, Mesa
Burlington Leases 22,000 SF on East Camelback Road in Phoenix - AZBEX (June 30, 2026) Burlington Stores Inc. is leasing 22,000 SF at 1919 E. Camelback Road in Phoenix, backfilling space formerly occupied by Off Broadway Shoe Warehouse.
22,000 SF lease
Backfill of a former shoe-warehouse box on Camelback
Office
Rose Garden Medical Campus in Phoenix Trades to a Private Investor - AZBEX (June 30, 2026) A private investor acquired the Rose Garden Medical Campus, an 18,000-SF, three-building medical outpatient campus at 2915 to 2925 W. Rose Garden Lane and 20950 N. 29th Ave. that is 100 percent leased and anchored by City of Hope. The price was not disclosed.
18,000 SF across three buildings; 100 percent leased
Anchored by City of Hope; price undisclosed
Biltmore Fashion Park Office Building Reaches Full Occupancy - AZ Big Media (July 1, 2026) The office building at Biltmore Fashion Park in Phoenix is now fully leased after filling more than 30,000 SF, a positive read for well-located, amenity-rich office.
More than 30,000 SF absorbed to reach full occupancy
Office component above the Biltmore Fashion Park retail
Travel and Loyalty Technology Firm Renews 42,521 SF at Scottsdale Quarter - Phoenix Business Journal (June 29, 2026) A Scottsdale-based travel and loyalty technology company renewed a 42,521-SF office lease at Scottsdale Quarter, a vote of confidence in premier mixed-use office.
42,521 SF office renewal
Scottsdale Quarter, Scottsdale
Mixed-Use
Buckeye Commission Recommends Approval of Roughly 1,948-Acre Westpark Master Plan Anchored by a $1 Billion-Plus APS Project - AZBEX (June 30, 2026) The Buckeye Planning and Zoning Commission recommended approval of a roughly 1,948-acre master plan uniting the Westpark, Silver Rock, and former Westwind community master plans. It is anchored by TS35, a 120-acre, $1 billion-plus Arizona Public Service transmission and substation complex engineered to deliver up to 16 gigawatts at the southwest corner of Lower Buckeye and Turner roads. Plans envision about 19 data centers, dozens of industrial buildings, regional commercial, and up to 991 multifamily units. Colliers Engineering and Design is providing planning and engineering.
Roughly 1,948 acres; TS35 substation complex rated up to 16 gigawatts
Economist Elliott Pollack estimates 23,000 to 30,000 new jobs and $613.9 million to $823 million for the City of Buckeye
Long-Dormant Planned Area Development Returns in Coolidge - AZBEX (June 30, 2026) A previously stalled planned area development is re-entering the entitlement process in Coolidge, another sign of renewed development interest in Pinal County.
Stalled planned area development returning to entitlement in Coolidge (Pinal County)
Hotels
The Walden Group Buys Three Metro Phoenix Golf Courses for $57 Million - AZ Big Media (July 1, 2026) The Walden Group, a New Jersey-based investment firm, acquired three metro golf courses from Thompson Golf Group for a combined $57 million, with Thompson Golf Management retaining operations under a multi-year agreement. This special-use, leisure trade was the window's only hospitality-adjacent transaction; no conventional lodging-hotel sale closed in-window, and per-room pricing does not apply to golf assets.
Longbow Golf Club, Mesa ($23,504,600); Power Ranch Golf Club, Gilbert ($17,106,850); Dove Valley Ranch Golf Club, Cave Creek ($16,388,550)
Combined $57 million; operations retained by Thompson Golf Management
Connect With Us
As Phoenix land brokers and Arizona land brokers, we connect with landowners and developers across the Phoenix Metro every day. Whether you are recalibrating land basis in the far West Valley or Pinal County, buying or selling commercial land, underwriting a stabilized multifamily or power-heavy industrial acquisition, or working through entitlement, power, and water questions on a master-planned or mixed-use site, our Colliers Phoenix land brokerage team is available for confidential conversations about how the activity in this brief may affect your business and your pipeline. If you are looking for an experienced Phoenix land broker or Arizona land broker who knows Maricopa County and Pinal County dirt, reach out to start the conversation.



