MARANA, Arizona — Richmond American Homes and Lennar Homes teamed up to buy Block 35 and 39, the first sales in Gladden Farms II. Richmond acquired 64-lots for $3,456,000 and Lennar purchased 59-lots for $3,186,000, or $54,000 per finished lot.
Will White and John Carroll of Land Advisors Organization in Tucson handled these transactions and has the marketing assignment on all of Gladden Farms
“This is an important and exciting event because it is the first lots purchased in Gladden Farms II. This closing will help kick off construction of the next phase of the community,: according to White. “Lennar and Richmond American were early in discussions with us about securing additional lots at Gladden Farms and have taken a very proactive approach in the masterplan that continues to show very strong pricing power and pace.”
Gladden Farms is experiencing record home price appreciation and sales pace. The Master-plan’s homebuilders continue to purchase and reload just in time lot inventory.
“We are currently in discussions with several builders on acquiring additional blocks in the Gladden Farms II phase of the community,” said White. “Gladden Farms has a great lot delivery program for the builders and we expect this community to be very busy for the remainder of 2018 and into the future. Tucson’s homebuilders continue to look to purchase lot inventory in the areas they are having success and Gladden Farms is one of the best masterplans in town.”
For more information, White and Carroll should be reached at 520.514.7454.