PHOENIX – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Desert Creek at Las Sendas, 3.79 acres of land at the northeast corner of Loop 202 and McDowell Road.
Phoenix-based Pathfinder Academy, LLC, purchased the property for $1.15 million ($6.96/psf) from locally based Talon Properties, LLC. Cassidy Turley Executive Managing Director Brent Moser, Vice President Mike Sutton and Associate Brooks Griffith negotiated the transaction on behalf of the seller, while Wayne McNutty of Titanium Commercial represented the buyer.
Pathfinder Academy, LLC, will build its second east valley charter school on the land. The original charter school, Sequoia Pathfinder Academy, is located in the east Mesa community of Eastmark and plans to open in the fall of 2014. The Ryland Homes community of Desert Creek at Las Sendas will be home to the next Pathfinder Academy, which is slated to open in 2015.
"We feel the educational component will be a nice compliment to Desert Creek at Las Sendas," Mr. Sutton said. "The charter school will service not only the new Ryland Homes community but also the surrounding area. Both residential and school projects are scheduled to start construction in the second of 2014."
The Pathfinder Academies are K-6 elementary schools offering a learning environment that inspires academic excellence through an engaging and personalized approach. The charter schools will focus on an inquiry based learning environment with a "Children's Museum" mindset. Parents and students will find themselves ensconced in a learning environment that invites students to expand their horizons through hands-on interactive and dynamically challenging displays throughout the campus.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information.