MARANA, ARIZONA (June 7, 2024) — Lennar Arizona, Inc., (Tom Gansheimer, Division President) closed on 287 finished lots known as Blocks 11/12/13 of the new Monarch master-planned community in Marana. The purchase price was $28,061,000. The lots were a mix of 40’ and 45’ X 120’. It is the first sale of lots in the 450-acre project.
The parcels are located at the SEC of Sandario and Barnett Roads, across the street from the Marana Municipal Complex. The developer, SBH Marana LP, an affiliate of Sunbelt Holdings (Sean Walters, President), sold the lots. Sunbelt Holdings continues to grow its lot delivery program in Tucson, with multiple large-scale projects in the Tucson metro area.
The Monarch masterplan has been one of North Marana's most anticipated new projects. Lennars' purchase is the first in the initial phase of 550 shovel-ready lots. Future lots phases are being prepared for late 2024 and into 2025. The project will be planned and developed for a variety of residential and commercial uses.
Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction and are in charge of Monarch's marketing.
Will White commented:
“Monarch is now “main and main” in north Marana. This project will set the standard for the area going forward. Lennar has been very proactive with their Tucson acquisition strategy and the relationship with Sunbelt Holdings in Tucson made way for a quick, seamless transaction. Monarch getting underway is fantastic for the area.”
To learn more, White and Carroll can be reached at 520.514.7454