The Scottsdale-based developer is set to close within a month on the 25-acre site at the northeast corner of 75th Avenue and Van Buren Street in Phoenix. The sale price is $1.4 million.

The Mack Co. plans to build three industrial buildings on the site of 153,000-sf, 136,000-sf and 119,000-sf, in that order of development. The developer plans to finance the project itself.

The first of the buildings would be ready for occupancy by mid-2001. Tenants of 35,000-sf and larger are being sought for the first building, and those with needs of 10,000-sf and higher for the remaining two buildings. The Phoenix office of Grubb & Ellis negotiated the land sale and is handling the leasing of the second and third buildings.