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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.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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