Scottsdale-based real estate developer Dale Cavan has paid $2 million for 24 acres east of the northeast corner of Thornton and Peters roads in Casa Grande, with the intent to build an industrial park with several buildings covering up to 70,000 square feet.
Currently named the Casa Grande Commerce Park, the development will accommodate industrial needs in the area. The elongated land parcel is just east of the Daisy Brand plant and less than a mile away from the Walmart distribution center and Lucid Motors factory. It’s also less than 4 miles away from semiconductor supplier Chang Chun Petrochemical Group’s plant under construction, the first of multiple planned facilities.
Kirk McCarville of Land Advisors Organization represented Cavan in the deal and said he plans to build the park speculatively, making this the third such industrial land purchase in the city. “The buyer has been successful with multiple industrial developments of this type across the Valley and recognized a need for existing industrial space in Pinal County,” McCarville said.
“Thanks to the site’s unique layout, which accommodates their product perfectly, the land price and the market’s growing needs for this type of product, we were able to complete the transaction and welcome a new industrial park to Casa Grande.” Cavan’s company, Cavan Commercial, lists several projects under development and completed throughout the Phoenix area, including sites in Mesa, Goodyear, Glendale, Gilbert, El Mirage and Queen Creek.
