Land Advisors Organization’s Metro Phoenix homebuilding team facilitated the first of a two-phase deal for 165-acres that will bring more than 530 new single-family home lots to the area.
Scottsdale, Ariz. – Land Advisors Organization’s Metro Phoenix Homebuilding Team is pleased to announce the closing of 85 acres in Queen Creek, Arizona, to Mattamy Homes. The $15.5 million deal is the first of a two-phase transaction that will include a total of 165 acres and will deliver 533 new home lots to the national builder.
The new development Empire Point, located at Gary Road and Empire Road, represents the homebuilder’s further expansion in the East Valley. Mattamy Homes plans to offer new single-family homes ranging in width from 35 to 55 feet wide with a central amenity area. Land Advisors Organization’s Homebuilding Team of Bret Rinehart and Ryan Semro represented the buyer in the transaction.
“We are excited for Mattamy Homes and grateful for the opportunity to help them expand their presence in the highly coveted and successful Queen Creek submarket,” said Bret Rinehart, advisor with the Homebuilding Team at Land Advisors Organization.
“The expanding employment corridors, located off the Loop 202 in the East Valley, are continuing to drive demand for housing in the area. We are proud to be part of the successful growth of Mattamy Homes and the East Valley,” Rinehart said.
Land Advisors Organization’s Metro Phoenix Homebuilding team facilitates sales on behalf of landowners with virtually every major home builder in the market. The team specializes in home builder developments, multi-family communities and master-planned communities throughout Arizona.