Developer eyes Buckeye state land for mixed-use project

Article originally posted on Phoenix Business Journal on August 19, 2025

A key chunk of land right next to a rapidly growing shopping corridor at the intersection of Interstate 10 and Verrado Way in Buckeye is going up for auction.

Sunbelt Investment Holdings plans to bid in an upcoming auction for about 272 acres of vacant land — located just east of the key intersection — for a mixed-use commercial project, according to documents submitted to the Arizona State Land Department. Part of the site up for auction is directly to the east of Buckeye Commons shopping center, which Sunbelt is currently developing. The entire site up for auction is bisected by I-10.

The auction date is yet to be determined but is targeted for the fourth quarter of this year, according to an auction notice. The minimum bid is $42.05 million.

Sunbelt wants to move as fast as possible on the project, according to documents filed with the State Land Department. The site is currently zoned CC (Commercial Center) by the city of Buckeye.

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