CRE8 Advisors completes $4.7 Million purchase of 28 acres in Florence, Arizona

Phoenix, Arizona (July 2, 2026) – CRE8 Advisors is pleased to announce the successful purchase of 28 acres located at the intersection of Arizona Farms Road and Felix Road in Florence, Arizona. The seller, Aspen Nevada Spe, LLC, sold the land to AZ Farms 28, LLC for $4.7 million, with CRE8 Advisors’ Rommie Mojahed and Kevin Smith representing the buyer.

The 28-acre parcel is strategically positioned several miles east of I-79 and near the SRP Abel Substation, an area that continues to attract significant industrial and technology-related investment. Located within the Arizona Farms corridor, this will also provide access to the new future 505 freeway and Hunt Highway. The region has become a focal point for future data center development and advanced industrial users seeking access to critical infrastructure and power availability.

This all-cash purchase underscores the growing demand for well-positioned industrial land in Florence as Arizona continues to emerge as a premier destination for technology, manufacturing, logistics, and data center expansion. The buyer will be looking to sell pads for future retail, industrial, and/or multifamily projects that will indicate economic growth and development in the Town of Florence.

Kevin Smith, who represented the buyer, stated, “The Southeast Valley is continuing to grow and gain interest for development. Florence and Arizona Farms Blvd in particular are seeing a rise in activity and interest lately. With all the excitement surrounding the Dobson Tech Park, Silver Cross residential development, and the future industrial and residential projects in the coming years on Arizona Farms Blvd, this area is primed to see an influx of homes, jobs, and services.”

CRE8 Advisors Partner, Rommie Mojahed added, “The Town of Florence is experiencing tremendous growth and is rapidly becoming one of Arizona’s most exciting markets for industrial and technology development.”

This transaction is another example of the momentum building in Florence and the opportunities that lie ahead.

For additional information regarding land opportunities surrounding the Dobson Tech Park, contact CRE8 Advisors on their website at www.CRE8advisors.com.