East Coast investor, Taicoon Property Partners, outbids Vestar for two Phoenix sites near TSMC totalling 367-acres and pays $88M ($5.50psf | $240k/acre)

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Highlights
Arlington, Virginia-based Taicoon Property Partners won two Arizona State Land Department auctions on June 26
Taicoon outbid Phoenix-based Vestar and Mack Real Estate Group for north Phoenix sites near TSMC's campus
Vestar had planned Dove Valley Towne Center with hotels and over 400,000 square feet of retail space

Taicoon Property Partners
Hai Chien Wang | CEO & Co-Founder

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