A 20.64-acre parcel of state trust land in north Scottsdale sold for $3.49 million today at an Arizona State Land Department auction.
The commercially zoned land northwest of Bell Road and Thompson Peak Parkway wraps around the Windgate Crossing shopping center.
The winning bidder was McDowell Windgate Holdings LLC, whose principals are Charles and Kelly Byxbee.
Scottsdale-based Byxbee Development Partners developed Windgate Crossing, which includes Bank of America, CVS Pharmacy and Temple Bar.
The property is just south of Windgate Ranch, a gated community under development by Toll Brothers.
The winning bid was at the minimum bid price set by the Land Department.
by Peter Corbett The Arizona Republic Jun. 21, 2011 10:51 AM
State trust land in north Scottsdale sells for $3.5 million
