Forestar continues strong acquisition activity in Tucson in 2021

TUCSON, ARIZONA — Forestar (USA) Real Estate Group Inc. closed on 136 Acres on south Sorrell Lane and Calle Torim for $6,270,000 ($46,100 per acre). The land was purchased from Sorrell 139, LLC (Larry Fink, Gary Lane).

The property is an infill site that is well positioned in the southwest Tucson submarket with easy access to Interstate 19 and Tucson’s main, growing employment core. The site is also within minutes from major, large scale retail services and projects along Valencia Road as well as Interstate 19. The purchase comes at a time when entitled lots in Tucson’s southwest submarket continue to be extremely hard to identify and secure.

Forestar has been very active in Tucson during 2021 with several purchases throughout the metro area.

Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction.

White commented, “This is another great position in a submarket where well-located plats are almost non-existent. Forestar has been extremely proactive in Tucson in locating strategic positions. With a market that is headed into 2022 with demand outstripping supply, being early has shown to be successful strategy.” 

White and Carroll should be reached in the Land Advisor Organization’s Tucson office, (520) 514-7454, for more information.