Disclosure: Rose Law Group represents Saint Holdings
By Corina Vanek | Phoenix Business Journal
Parcel is final piece of much larger sale
Saint Holdings LLC, the Scottsdale real estate firm behind some of Pinal County’s largest land deals, finalized buying 5,650 acres in Coolidge that was owned by the city of Mesa — a deal first agreed upon eight years ago.
Saint Holdings and Mesa officials agreed to the sale in 2011 and completed due diligence in 2013, said Jackob Andersen, president and CEO of Saint Holdings. The 5,650 acres was the final piece in a larger sale totaling 11,400 acres the firm bought from the city in one of the largest land acquisitions from a private landowner in Arizona.
The closing price on the final piece was $49.7 million. The land spans about 10 miles, bounded by Barlett Road to the north and Shed Road to the south.