Forestar Real Estate Group picks up prime Tucson acreage

TUCSON, ARIZONA — Forestar (USA) Real Estate Group Inc. closed on 87 Acres at the SWC of Wilmot Road and Interstate 10 for $4,793,700 ($55,100 per acre). The land was purchased from Legacy Collateral Holdings, LLC (Carson Brown/Mark Winkleman)

The property is centrally located along the I-10 corridor southeast of Tucson. The land is across I-10 from the successful La Estancia MPC, University of Arizona Science and Technology Park and is in close proximity to Tucson’s major employment and retail services

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

White commented, “This is a great position in a corridor that is rapidly running out of entitled residential land. At the same time it is one of the most sought after areas by Tucson homebuilders.”