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Scannell Snags 70-Acre Five Below Development Site in Buckeye
Indianapolis-based Scannell Properties acquired a 70-acre site in east Buckeye for nearly $6.65 million. The site south of Interstate 10 near the corner of Miller and Durango roads is planned for specialty discount retailer Five Below’s 850,000-square-foot distribution center.
This marks the newest distribution center for the City of Buckeye and West Valley, which continues to grow and attract employers. Five Below plans to bring roughly 150 new jobs to the area initially and expects to grow to nearly 300 employees over the next five years.
Land Advisors Organization’s Greg Vogel and Wes Campbell represented the unnamed seller in the transaction. Vogel says, “It’s exciting to see the continued economic and population growth happening in the area, particularly in the form of large employers and new home construction.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

