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Land Advisors Sells 23-Acre Site in Surprise for MF Development

Land Advisors Organization Scottsdale sold a 22.99-acre site in Surprise that is planned for Trugold, a 245-unit multifamily development. The property is located at Cotton Lane and Sweetwater Avenue, and sold for $3.65 million to NPC Trugold, LLC.

Hancock Communities plans to build one and two-bedroom rentals with a Tuscan and Santa Barbara flair. The community includes a pool, spa, and covered ramada with linear fireplace and outdoor TV viewing. The project is set to break ground in early May and will be completed in September 2022.

The parcel sale is one of the first multifamily acquisitions on the west side of the Loop 303 in the emerging Loop 303 corridor. Land Advisors Organization Scottsdale’s Mike Schwab, Bret Rinehart, Ryan Semro and Ben Heglie handled the sale on behalf of an unnamed seller.

Rinehart says, “The project, Trugold, will bring the hybrid rental product that has been successful across the Valley to the Loop 303 corridor in Surprise.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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