By Ron Davis | Phoenix Business Journal
A highly visible parcel of land along Loop 101 in north Scottsdale is under new ownership.
Earlier this week, ASM America Inc., the Phoenix-based U.S. arm of an international semiconductor equipment supplier, purchased nearly 24 acres near the southeast corner of Scottsdale Road and Loop 101, according to real estate database Vizzda.
ASM America bought the land for more than $33 million, which amounts to more than $1.38 million an acre, from Hayden Loop 101 Investors LLC, an entity connected to Scottsdale-based De Rito Partners Development and Van Tuyl Cos., according to the Arizona Corporation Commission.
ASM America purchased the land in an all-cash deal, according to an affidavit of property value recorded on Aug. 15 in Maricopa County.
Iver Bowden, a partner and designated broker at De Rito, confirmed the deal and told the Phoenix Business Journal that ASM America worked with Jonathan Keyser of Valley tenant brokerage firm Keyser Commercial Real Estate on the deal.
After closing on the deal, ASM intends to use the land to “consolidate multiple sites in Arizona and for future expansion of [research and development] and support activities” following a period of growth over recent years, the company announced Aug. 21.
The company supplies wafer processing equipment to computer chip manufacturers.
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