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Site for a New Mixed-Use Project Sells in Vail for $7.65 Million

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  • Site for a New Mixed-Use Project Sells in Vail for $7.65 Million
1st Quarter Sales
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February 23, 2023
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Karen Schutte
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TUCSON, ARIZONA (VAIL), February 23, 2023 – BP Vail Partners, LLC an affiliate of Bourn Companies of Tucson, (Don Bourn and Alan Tanner) bought 390-acres of industrial zoned land along I-10 and Colossal Cave Road and State Route 83 in Vail, AZ for $7.65 million (approximately $20,000 per acre).

The property has not yet been addressed but will be approximately 14001 E Benson Hwy, Vail, AZ 85641 according to public records.

With approximately one mile of frontage along Interstate-10, the 390-acre parcel was purchased for a mixed-use development with commercial, industrial and residential components.

The seller, RMG Vail II, LLC of Chicago (Sheldon Mandell) was represented by Gary Emerson of GRE Partners in Tucson.

“Bourn Companies was always the logical choice to acquire this prime parcel of land,” Emerson said. “They have the vision, capabilities and patience that will turn this investment into a project that will have a major impact on the entire county.”

It is Bourn Companies developing a similar in nature project, The Bridges,  a dynamic 350-acre master-planned collection of office, residential hospitality, retail, education/ academic and food & entertainment. Bourn controls 112-acres here and is developing multiple districts to include: a corporate office district, home to GEICO’s regional headquarters; Mosaic, a creative office and educational district featuring JTED’s newest technical educational campus; and Briosos, an eclectic, Spanish-inspired residential community centered around a vibrant Main Street scene with 128 modern homes with creative office live/work spaces and an innovative urban-style resort.

To see the projects Bourn Companies has underway, visit Projects - Bourn Companies.

To learn more, see RED Comp #10499

 

 

 

 

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