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**Sunbelt Investment Holdings Acquires 272 Acres in Buckeye for $62.5 Million**
Sunbelt Investment Holdings Inc. (SIHI) has secured 272 acres of Arizona State Land in Buckeye following a competitive bidding process that began at $42 million and concluded at $62.5 million. The newly acquired parcel enhances Sunbelt’s footprint in the region, as the company already owns two adjacent land sites on the north and south sides of the property, bringing its total holdings in the area to approximately 375 acres.
Located along a two-mile stretch of Interstate 10, the site is positioned for significant development potential. According to reports, Sunbelt is evaluating a range of future uses for the property, including retail, restaurants, medical facilities, and multifamily housing.
The company plans to collaborate with the City of Buckeye on entitlement efforts, with the first phase of development projected to break ground between 2029 and 2030.
Sunbelt Investment Holdings currently owns and operates 23 neighborhood and power shopping centers across Southern California and Arizona, encompassing more than 4.1 million square feet of leasable space. In addition, the company has a 1.5 million-square-foot portfolio of newly developed industrial buildings and has recently entered the multifamily development sector with its first project underway in Phoenix.
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