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Mesa, Ariz. — Peak Southern LLC has purchased a 5.8-acre land site in the Phoenix suburb of Mesa. Signal Butte & Southern LLC sold the property for $3 million. John Jackson and Kristina Remon of Colliers in Arizona arranged the transaction. The buyer plans to develop a retail center on the property. According to Colliers, the property will be divided into three pad sites that are available for purchase, build-to-suit or ground lease, and the construction schedule will be dependent upon the execution of purchases and leases.