Mack Real Estate and McCourt Partners have successfully secured a parcel of land through an Arizona State Land auction. This prime location is in close proximity to the $65 billion Taiwan Semiconductor Manufacturing Co. plant, generating much excitement and attention.
The two companies are now focused on developing their plans for the expansive 2,300-acre mixed-use project near the plant. The land was acquired for $56 million and is estimated to have a value of $7 billion once fully developed. Mack Real Estate will serve as the developer while McCourt Partners will provide financing for the project.
Known as Halo Vista, this master-planned community is expected to encompass approximately 30 million square feet of commercial space across various sectors such as industrial, education, retail, hospitality, entertainment and up to 9
