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BUCKEYE, ARIZ. — Buckeye 54 LLC, a joint venture between Contour Real Estate and Shopoff Realty Investments, has purchased a 54-acre industrial development site at the southeast corner of Southern Avenue and Rainbow Road in Buckeye. KWC Motorsports LLC sold the property for $6.5 million.
The joint venture plans to develop a logistics park with two warehouses totaling 900,000 square feet.
Paul Borgesen and Dylan Sproul of SVN Desert Commercial Advisors represented the buyer in the deal.