Grubb & Ellis Company Represents Corporation of Presiding Bishop of the Latter-day Saints in Land Purchase for New Church
TUCSON, Ariz. (April 20, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Jeff Utsch, vice president, Investment Services, represented the Corporation of the Presiding Bishop of the Latter-day Saints in its purchase of 5.4 acres of land located at the northwest corner of Desert Bell and La Canada in Green Valley, for $1.3 million.
The land will be used for the construction of a church, which will commence later this year. According to Utsch, the land was chosen for its central location at a prominent intersection with close access to Interstate 19.
The seller, WLC Green Valley Ltd. Partnership, represented itself in the transaction.
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