A Los Angeles-based investment firm has purchased 20 acres of land in an opportunity zone in Mesa, and has plans to develop a speculative industrial project.
Abington Emerson Investments LLC bought the land, located near Ellsworth and Germann roads, for $2.25 million. A representative for the buyer said the property is a “home run” for speculative industrial development.
Rommie Mojahed and Beau Flahart of SVN Desert Commercial represented the seller, Ellsworth 92 LLC, in the transaction,…