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5.87-Acre Land Parcel Sells in Peoria, Arizona to Nexstar Homes

Posted In — News & Press | Press Releases

A 5.87-acre land parcel located at 25613 N 115th Avenue in Peoria, Arizona has sold for $1,050,000. Kidder Mathews brokers Brian Rosella and Joseph Calistri represented Nexstar Homes, LLC in acquiring the site from FEF Properties, LLC.

The property is situated in a submarket with strong home values, making it a strategic acquisition for Nexstar. The location aligns with the company’s plans to expand operations in growing residential areas.

“This transaction reflects the ongoing interest from users seeking strategically located land in markets with high residential demand,” said Rosella.

Peoria’s continued growth and desirable home values have made it a key area for developers and homebuilders. The sale highlights the strength of the market and the appeal of opportunities in established residential submarkets.

About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages over $10 billion in transaction volume, manages more than 57 million square feet of space, and conducts 2,600 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.

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