JLL Capital Markets announced today that it has been engaged by the city of Litchfield Park to market for sale a 7.03-acre, fee-simple development site in the heart of Litchfield Park, which is a historic suburb of Phoenix, Arizona.
Zoned for mixed-use and comprising seven lots within Litchfield Square, the property is positioned at the northeast corner of Litchfield Road and Wigwam Boulevard adjacent to Litchfield Park City Hall. The site is surrounded by residential neighborhoods, luxury golf resorts, and eclectic locally owned shops and restaurants. The site is within the West Valley, one of the fastest-growing areas in Arizona, and proximate to regional parks and recreation areas. Additionally, the city has invested substantially into infrastructure for area streets and utilities, and there will be several parking garages for visitors and residents.
“This unique opportunity will allow a developer to bring a creative-mixed-use component to and participate in what will be the city’s downtown core expansion,” said Matthew Williams, City Manager for Litchfield Park. “Businesses and residents have flocked to the West Valley due to our affordability and superior growth prospects.”
The JLL Capital Markets Investment Sales and Advisory team that is representing the city of Litchfield Park is being led by Managing Director Brian Ackerman.
“This site is primed for what will soon become the city of Litchfield Park’s expanded downtown central core,” Ackerman said. “This development will help continue the success of the city and bring in patrons from other parts of metro Phoenix and visitors from outside the state.
“We look forward to working with developers that can broaden Litchfield Park’s visibility,” he continued. “The city of Litchfield Park is one of the last medium or large opportunities in metro Phoenix to finalize a central core. The city is requesting RFQ responses by a date to be announced soon.”
The RFQ is available for download here, and the city requests RFQ responses by Friday October 14, 2022. Please reach out to Ackerman if you have interest or have questions regarding the process. He can be reached at 602-418-8821, [email protected].