Edward P. Roski Jr. & Reon Roski Lease 99-Year Ground Lease From Martin Harvier In Arizona

The lease transaction involves a ground lease for land located at East McDonald Drive & North Pima Road in the Arizona market. The property is part of a plan to develop a Class-A light industrial project near Talking Stick Resort. The project is set to include up to eight warehouse buildings totaling nearly 1 million square feet dedicated to manufacturing, distribution, food processing, and other industrial uses.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: Not specified
• Landlord: Martin Harvier - Salt River Pima-Maricopa Indian Community
• Tenant: Edward P. Roski Jr. & Reon Roski - Majestic Realty
• Lease Terms: 99-year
• Lease Type: Ground Lease
• Market: Arizona

Edward P. Roski Jr. and Reon Roski represent Majestic Realty in this lease agreement, while Martin Harvier represents the Salt River Pima-Maricopa Indian Community. The lease is significant as construction for the project is anticipated to begin in 2027.