Tang Realty Commentary

Visited Casa Grande recently and saw some very impressive development underway. Trammell Crow's industrial project at the intersection of I-8 and I-10 is well underway and will be around 500K SF under roof in its first phase. It is gigantic! Also, the Casa Grande regional mall at I-10 and Florence is under construction with completion, I believe, scheduled for the end of the year. It should be similar to the Yuma Palms Regional Mall, which is flourishing in Yuma. The Villago master planned community at Pinal & McCartney is also well underway. I am bullish on Casa Grande's prospects medium term, although current land prices are too high for me.