SCOTTSDALE, Ariz. (Oct. 31, 2025) – Harvard Investments officially closed on a 1.74-acre parcel for a new Circle K at its master-planned community of Verde Trails, located at the SWC of Broadway Road and 107th Avenue in Avondale, Arizona.
The site will feature a one-story Circle K convenience store along with fueling stations, marking a significant milestone in the commercial development of Verde Trails.
This Circle K represents the first closing for four commercial parcels within Verde Trails and is expected to serve as a catalyst for future development across the remaining three parcels. Its strategic location on a hard corner and proximity to residential neighborhoods positions it as a key amenity for the growing community, enhancing both convenience and connectivity.
As part of the development agreement, Harvard Investments will install offsite right-turn lanes to improve access into the commercial area, along with limited onsite improvements to support utility infrastructure and site accessibility. These enhancements will help pave the way for future commercial tenants and services.
“We diligently worked with the City of Avondale and Circle K to bring this opportunity to closing. We wanted to be sure it well-served residents of the community and the area, and we’re excited to begin the construction work,” said Roger Theis, Vice President of Development for Harvard Communities, the community development division of Harvard Investments.
“This is an important step in activating the commercial core of Verde Trails and reflects the strong collaboration between public and private partners committed to serving the community.”
Harvard Investments recently announced the successful sale of the final residential parcel within Verde Trails. The parcel consists of 110 single-family residential lots designed as a 6-pack cluster product on 45-foot by 55-foot lots, located at 107th Avenue and Broadway Road.
The property was sold to Clayton Properties Group, Inc., doing business as Oakwood Homes, a respected builder known for quality and innovation. Verde Trails now spans approximately 350 acres and includes 880± homes across a variety of lot sizes. A 6.5-acre commercial corner is designed to enhance the neighborhood with its planned retail offerings.
Verde Trails features homes by nationally recognized builders, including Ashton Woods, Lennar, Shea Homes, Meritage Homes, and Pulte Homes, offering a wide range of designs and lifestyles for residents.
About Harvard Investments
Harvard Investments, Inc. is a real estate investment and development company with real estate holdings throughout the western United States. Harvard combines experience, integrity, and financial stability to create high-quality, environmentally sensitive, profitable communities, including both large-scale master-planned communities and build-to-rent neighborhoods. Harvard’s Canadian parent, the Hill Companies, is a privately held diversified company involved in real estate development, including construction and leasing of commercial office buildings and retail properties, oil and gas production and distribution, broadcasting, surety bonding, and insurance. The Hill Companies celebrates its 122nd year of continuous family ownership and operation in 2025. To learn more, visit harvardinvestments.com.
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