A +422-acre land parcel located at Skousen Road and Hwy 87, NEC, in Coolidge, Arizona, has sold for $7,596,000. Kidder Mathews brokers Brian Rosella and Joseph Calistri represented the seller, Riverview, LLC., in the transaction. The buyer, Newcastle Development, LLC., acquired the land for future development.
The property’s location in Coolidge, with its proximity to growing developments in both Maricopa and Pinal counties, made it an attractive acquisition for Newcastle Development. The land’s substantial size and connection to key regional markets align with the company’s plans for expansion in the area.
“The sale reflects the continued demand for strategically located land in the Central Arizona corridor,” said Rosella. “With ongoing growth in both Maricopa and Pinal counties, this property offers significant development potential for Newcastle and other future users.”
Coolidge has emerged as a rapidly growing market due to its accessibility and its proximity to major transportation routes and urban centers. The sale underscores the strength of the Arizona land market and the ongoing interest from developers seeking opportunities in prime locations.
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 $9 billion in transaction volume, manages more than 58 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
