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Developer AREAD Management Inc. and investment firm Varde Partners have acquired a 290-acre residential development site in San Tan Valley, Arizona. Skyline & Quail sold the land site for $8.7 million.

The developers plan to build Skyline Estates, a residential development planned for over 1,000 lots. It is located at Skyline Drive and Quail Run Lane in Pinal County.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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