PHOENIX – Transwestern Real Estate Services (TRS) announces that it brokered the $53 million sale of a 747-acre property in Buckeye, Arizona, addressed at 19300 West Yuma Road. The Transwestern team of Senior Vice President Paul Borgesen, Vice President Dylan Sproul and Senior Associate Royden Hudnall represented Rovey Family Farms in the sale of the prime farmland to the Vanderwey Family.
The Vanderwey Family, which owns significant holdings in the area, has not announced plans for the property. Displaying their continued commitment to Buckeye and the West Valley, this purchase serves as a strategic expansion of their existing portfolio.
“The execution of this transaction was seamless and it was a pleasure to have the opportunity to work with two families with such deep roots in the Arizona community,” said Sproul. “This sale is indicative of the state’s growth prospects, as end users, developers and speculators continue to drive demand for large tracts of land.”
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Dan Foley
508.272.0017
dan.foley@transwestern.com
twmediarelations@transwestern.com
