Glendale-based The Mangat Group has invested nearly $35 million in land purchases in the last six months and owns roughly 1,000 acres throughout the Phoenix metro area.
It most recently purchased a parcel of land in Buckeye valued at $2.5 million at the beginning of March, and by the end of the month, that same piece of land was in escrow for $5.6 million.
“Land value in Arizona is increasing exponentially,” said Tony Mangat, founder of The Mangat Group. “We purchased a plot of land in Peoria for $180,000 a few years ago, which is now valued at $4 million.”
Mangat founded The Mangat Group after immigrating to the United States from Punjab, India, and his company purchases and develops property primarily in the West Valley.
Mangat’s first project consists of a 36-acre plot of land in Glendale off Northern Avenue and the Loop 101, which he is turning into the state’s first field hockey stadium.
He plans soccer and field tennis, as well as restaurants, hotels and a fully operational media center. The $50 million sports complex will hold between 700 to 900 fans.
“This is a passion project inspired by Indian religious leader Jarnail Singh Bhindranwale,” Mangat said.
“I wanted to leave a legacy for him, all while providing an area for children to develop and learn good values so they don’t go down the wrong path. I have hopes this will inspire kids to play more sports so they stay off drugs and live a healthier lifestyle. I wanted to improve the community by providing those opportunities.”
Mangat was also motivated to build the stadium for his son’s teammates.
“My son plays for the U.S. junior field hockey team, and I wanted to provide a practice field for him and his teammates, especially with the Olympics coming to Los Angeles in 2028.”
In addition to the Glendale property, Mangat owns residential property in Buckeye that’s 315 acres. He plans to partner with housing developers to construct a community near the downtown area off Highway 11 and is looking for additional land purchases in the area.
Mangat is developing a large truck stop on 16 acres in Black Canyon City and has plans for a gas station and fast-food restaurants on 80 acres in Tonopah. They will be breaking ground in the next 60 days on three self-storage facilities in Peoria, Glendale and Goodyear and will begin construction on two RV storage facilities — off Jomax and the 101, and Baseline and the 202 — in the next four months.