Developer pays $5.3M for apartment parcel near SanTan Village Mall

Southern California developer LWI Properties has purchased 17 acres near SanTan Village Mall for $5.3 million and will build 382 apartment units. The property is south of the southwest corner of SanTan Village Parkway and Ray Road. The seller was Arizona-based LeSueur Investments III. Cassidy Turley BRE .Cassidy Turley BRE Latest from The Business Journals Developer pays .3M for apartment parcel5 Questions About: Valley RetailSlope of success: Valley neighborhoods struggle to fill empty retail space Follow this company .Commercial Executive Vice President Brent Moser and Senior Associates Mike Sutton and Brooks Griffith represented the seller. LWI represented itself. LWI expects to break ground within the next few months, according to Cassidy Turley sources

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