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Porter Kyle purchases 6+ acres in Goodyear, Arizona

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Developer plans Class A townhome community for site

PHOENIX – Porter Kyle, a Scottsdale residential lifestyle developer, has paid $2,034,000 for 6.23 acres of land at 1003 N. Sarival Avenue in Goodyear, Arizona. The company plans to build a Class A townhome community on the site that is slated for completion in 2024.

“The dramatic influx of new residents to the West Valley, combined with the growing number of impressive employers in the area, made this site ideal for a quality home developer,” says Ramey Peru, senior vice president with Colliers in Arizona. “This was the ideal time for our seller to make the land available for development and monetize the asset.”

Kent Sheppard as representative for the Sheppard Family Trust sold the land to Porter Kyle. Peru and John Finnegan of Colliers in Arizona represented the seller in the transaction. Jake McClaughry with W-Retail represented Porter Kyle. 

Porter Kyle plans to build a 100-unit, Class A townhome community on the site. The development will feature a mix of one-, two- and three-bedroom units, each featuring two-car direct access garages and private yards. The community will feature upscale amenities such as a clubhouse which overlooks the resort style pool, indoor/outdoor fitness and a resident lounge. Other amenities will include a dog park, children’s play area, and integrated walking paths for residents. Each home will feature high-end finishes, including stainless steel appliances, full size side-by-side refrigerators, granite counter tops, subway tile backsplashes, and private balconies. 

Construction of the community will begin this year and is expected to be completed in early 2024. 

About Porter Kyle
Porter Kyle entitles, designs, develops and builds modern, energy efficient lifestyle communities that exude style. Designed by award winning architects, the company’s new construction luxury communities live graciously the way modern residents want to live. Porter Kyle is known for its authentic and innovative design, quality construction and personal approach that makes living in their homes an enjoyable experience. 

About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

 

Related Experts

Ramey Peru

Senior Vice President

Phoenix

Ramey Peru is a Senior Vice President with the AZ LandSource Team at Colliers, specializing in the sale of land. He focuses on representing buyers and sellers of developable land in the Phoenix metro area. Ramey’s areas of expertise are research and due diligence. He delivers critical information regarding the viability of land sites and provides accurate market data that is crucial to the development process.

The team also includes Chaz Smith, senior vice president; and John Finnegan, senior vice president. The AZ LandSource Team has a history of success, with more than 60 years of combined experience. They are committed to a team approach, which always puts their clients’ needs first. Each member has unique competencies that increase value in the different stages of every transaction.

The team specializes in finding creative solutions for the new reality of today’s ever-changing market and has the resources to uncover new information for their clients’ specific challenges. Their extensive track record of successful assignments reflects the team’s dedication to locating the right property that fits the needs of each client, whether a developer, investor, or user.

The AZ LandSource team is structured around the strengths of each individual. On every assignment, each member brings his individual expertise for the benefit of their clients. The team is organized around relationships, marketing, service delivery and a focus on completing transactions that meet the requirements of the buyer and seller.

They have represented premier developers and select landowners with acquisition, disposition, ground lease, site selection and land valuation within the greater metropolitan areas of Arizona.

Ramey holds an Arizona Dept. of Real Estate Broker’s License and has been in the commercial real estate industry since 2004. Prior to joining Colliers International in 2006, he specialized in land sales at NAI Horizon.

Clients include Charles Heers, Dignity Health, Dominium, DR Horton, Green Light Communities, Mark-Taylor Residential, P.B. Bell, Pederson Group, Roles Family and Wescap Real Estate Services.

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John Finnegan

Senior Vice President

Phoenix

John Finnegan is a senior vice president with the AZ LandSource Team at Colliers, specializing in the sale of land. As a skilled and experienced land specialist, he identifies opportunities that are aligned with the business needs of the team’s clients and focuses on creating value while reducing risk. John develops relationships between buyers and sellers, establishes the basis for negotiations, and manages the transaction process.

The team also includes Chaz Smith, senior vice president; and Ramey Peru, vice president. The AZ LandSource Team has a history of success, with more than 60 years of combined experience. They are committed to a team approach, which always puts their clients’ needs first. Each member has unique competencies that increase value in the different stages of every transaction.

The team specializes in finding creative solutions for the new reality of today’s ever-changing market and has the resources to uncover new information for their clients’ specific challenges. Their extensive track record of successful assignments reflects the team’s dedication to locating the right property that fits the needs of each client, whether a developer, investor, or user.

The AZ LandSource team is structured around the strengths of each individual. On every assignment, each member brings his individual expertise for the benefit of their clients. The team is organized around relationships, marketing, service delivery and a focus on completing transactions that meet the requirements of the buyer and seller.

They have represented premier developers and select landowners with acquisition, disposition, ground lease, site selection and land valuation within the greater metropolitan areas of Arizona.

John has been in the commercial real estate industry since 2000, and joined Colliers International in 2006. He was previously with NAI Horizon, where he specialized in land sales.

View expert