Mesa Elliot Technology Park Expands to 270 Acres with Land Buy

Sunbelt Investment Holdings Inc., based in San Diego, CA, acquired 67.5 acres near the corner of Ellsworth and Elliot Roads in Mesa, AZ for $11.8 million. The buy from El Dorado Holdings Inc. of Phoenix means Sunbelt now has 270 acres for its planned, mixed-use project, Mesa Elliot Technology Park. Sunbelt previously acquired approximately 203 acres about three and half years ago.

Brent Moser, Mike Sutton and Brooks Griffith with Cushman & Wakefield in Phoenix negotiated the land transaction. Meanwhile, Cushman’s Andy Markham, Mike Haenel and Phil Haenel have the marketing assignment. Markham said he expects to have a new site plan available for the expanded business park shortly.

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