A Coolidge-based buyer has been amassing land in midtown Phoenix to resell as a development site and an additional office asset planned for renovation.

Masyno Osborn LLC, led by Anthony Bibars, bought two vacant parcels of land and a nearby office building along Fourth Avenue and Osborn Road. The firm intends to configure the two land sites, which total 0.38 acres, with parcels the company already owns to resell as a development site, which totals about 3.1 acres. The owner now plans to market the land as a development opportunity for an apartment or senior living development. The firm also bought a 4-story, 47,500-square-foot office complex at 301 W. Osborn Road.

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By Corina Vanek, Reporter - Phoenix Business Journal