Kidder Mathews Brokers $4.7M Sale of 29-Acre Land Parcel Near San Tan Valley Submarket in Florence, Arizona
PHOENIX, Ariz. — A 29-acre land parcel at the southeast corner of Felix Road and Arizona Farms Road in Florence, Arizona has sold for $4.7 million, commercial real estate firm Kidder Mathews announced March 16, 2026. The buyer was Entitlements, LLC, and the sellers were Aspen Nevada SPE LLC and Dolores Darnold.
Kidder Mathews Senior Vice President Brian Rosella represented the sellers in the transaction. The property is located south of Metro Phoenix's rapidly growing San Tan Valley submarket, a corridor that has drawn increasing attention from homebuilders and investors.
Strategic Location Near Planned Florence Tech Park
The parcel's position at the southeast corner of Felix Road and Arizona Farms Road places it near one of the area's significant planned development projects: the Florence Tech Park, a large employment center slated for the west side of Felix Road. The Florence Tech Park is being developed by Ryan Companies and EdgeCore and is expected to generate job creation and commercial activity in the surrounding area.
"This transaction highlights the continued growth across Metro Phoenix," said Rosella. "Investors and developers remain confident in the long-term residential and employment expansion occurring throughout the Southeast Valley."
Florence Real Estate Development Gains Momentum
The Florence, Arizona area has experienced long-term population growth and significant development planning, with the town drawing interest from homebuilders and investors due to its location in one of the region's fastest-growing corridors. The San Tan Valley submarket, which lies to the north, has been among the most active areas for residential and commercial expansion in Metro Phoenix.
About the Brokerage
Kidder Mathews is an independent commercial real estate firm operating across the Western United States, with more than 900 professionals in 19 offices spanning Washington, Oregon, California, Nevada, and Arizona. The firm offers brokerage, appraisal, asset services, consulting, and debt and equity finance services across property types. Kidder Mathews reports approximately $9 billion in annual transaction volume and manages more than 55 million square feet of space.