Phoenix Company Buys 4000 Acres Of Land Near Casa Grande

August 15, 2013

Phoenix land company Vermaland bought 4000 acres near Casa Grande this week.

land This map graphic highlights in yellow the land proposed for the La Osa Ranch project in Pinal County. (Map courtesy of Land Advisors Organization)

A sign of continued growth in the housing market, their master plan calls for residential lots, parks and commercial space.

Vermaland CEO Kuldip Verma said the decision came down to market value.

"We purchased this property because of its extremely low value and the growth potential," Verma said. "And the market for residential is coming back in a very strong way, and that was the motivation for purchasing this property."

Vermaland bought another 4000 acres in the same area last year. 

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