Minnesota developer, Mortenson, acquires 217-acres for $136M ($626K/acre) at NWC Scottsdale Road and Loop 101

  • 6/20/2025

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Phoenix Business Journal

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Story Highlights
Mortenson acquired 217 acres in Phoenix for $136 million
Site was previously targeted for Arizona Coyotes' hockey arena
Mortenson has previously touted the mixed-use potential of the site

Mortenson
John Ohman | SVP, Strategy & Development

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