Westland Properties Group

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RSSRecently Closed Transactions

Priest & Warner

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July 27, 2018 – Hines Interests LP purchased a ±4 Acre parcel located North of the Northeast corner of Priest Dr & Warner Rd, Tempe, Arizona. The cash purchase price was $1,686,400 | $421,600/Acre.  The Seller in this transaction was The McRae Group.  Hines is planning a Mini-Warehouse / Rental Storage Facility on the property.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Seller in this transaction.
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Sunrise Mountain

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July 24, 2018 – The City of Peoria finalized the purchase of the Sunrise Mountain site located at 91st Ave & Happy Valley Rd, Peoria, Arizona. The City of Peoria is utilizing this site for Open Space / Preserve use and public enhancement.  The Seller in this transaction was Sunrise Mountain Development Partners LLC.  This final takedown was for $2,340,000.  The total cash purchase price was $8,970,000 and the site totals ±208 Net Acres.  The City of Peoria previously purchased ±85 Net Acres of this site in May, 2016. Grant D. Helgeson & Don McCaul of the Westland Properties Group represented the Seller in this transaction.
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Tierra Montana

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April 17, 2018 – Forestar (USA) Real Estate Group, Inc. / DR Horton Homes purchased the Tierra Montana project located at 51st Ave & Elliot Rd, Phoenix, Arizona.  The cash purchase price was $7,900,000 | $29,811/Platted & Engineered Lot.  The site consists of 265 Platted & Engineered Lots as follows:  124 Lots | 50’ x 115’, 94 Lots | 55’ x 115’ & 47 Lots | 60’ x 115’.  Land Holdings Investment Company LLC was the Seller.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Sincuidados

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January 12, 2018 – Cachet Homes completed their purchase of 15 Developed 1+ Acre Custom Lots within the Sincuidados gated Master Plan, located at Lone Mountain Rd & Pima Rd, Scottsdale, Arizona.  The purchase price was $3,360,500 | $224,033/Developed Custom Lot.  This sale represents the culmination of 3 takedowns for a total of 15 Lots.  The Seller was Wallace Desert Gardens.  Cachet Homes currently has sold two custom homes and two more custom homes under construction.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Bungalows at Bell

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December 18, 2017 – CSL Communities, LLC purchased 17 Developed Lots within the Bungalows at Bell subdivision, located at 28th St & Bell Rd, Phoenix, Arizona. 9 Lots measure 50’ x 60’ and 8 Lots are 50’ x 107’.  The cash purchase price was $935,000 | $55,000/Developed Lot.  The Seller in this transaction was Dunlap Center LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Countrywalk Estates

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November 16, 2017 – Palo Duro Homes, LLC purchased 33 Developed Lots | 85’ x 105’ within the Countrywalk Estates subdivision, located on Hwy 387 / Pinal Ave & Hopi Dr, Casa Grande, Arizona.  The cash purchase price was $792,000 | $24,000/Developed Lot. The Seller in this transaction was Landsmith Appreciation Fund, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Jomax & Lake Pleasant

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October 30, 2017 – IP Avanti Properties II, LLC purchased a ±6.31 Acre site North of the Northwest Corner of Jomax Rd & Lake Pleasant Pkwy, Peoria, Arizona.  The site is being planned for an Assisted Living Facility.  The cash purchase price was $2,200,080 | $8/sf.  The Seller in this transaction was Jolake, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Recker Pointe

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September 19, 2017 – Shea Homes LP completed their purchase of the ±79 Acre Recker Pointe site located at the Southwest corner of Ray Rd & Recker Rd in Gilbert, Arizona. The cash purchase price was $16,000,000 | $202,531/Acre | $41,775/Lot.  The site was purchased in a Two-Phase takedown and is planned for 383 Lots as follows: 128 Lots | 45’ x 118.5’; 78 Lots | 55’ x 128.5’ and 177 Motor Court Lots.  The Seller was Atlas Development II, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Marley Park Parcel 10

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August 24, 2017 – Christopher Todd Marley Park, LLC, purchased the 13.36 Acre Parcel 10 site within the Marley Park Master Plan located near the Southwest corner of Bullard Ave & Waddell Rd, Surprise, Arizona.  Hancock Communities is partnering with Christopher Todd Communities to develop 173 Single Family Rental Units.  The site is being planned for cash purchase price was $2,882,534 | $16,662/Unit.  The Seller in this transaction was the Winifred L Stevens Foundation.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Buyer in this transaction.
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19th Ave & Tierra Buena

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August 17, 2017 – Meyer Development & Construction Services, Ltd., completed the second half of their purchase of a ±4.83 Acre parcel located at the Northwest corner of 19th Ave & Tierra Buena Ln, Phoenix, Arizona.  The purchase price was $866,956 | $179,494/Acre | $12,564/Planned Unit.  The project is being planned for 69 Attached For-Rent Townhome Units.  The Seller was MDT Holdings, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Parolo Vista Estates

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August 14, 2017 – Towne Development, Inc. purchased 11 Developed 1+ Acre Custom Lots within the  Parolo Vista Estates gated community, located at 66th St & Pinnacle Vista Dr, Scottsdale, Arizona.  The total purchase price was $3,135,000 | $285,000/Developed Lot.  This sale represents the second of two takedowns for a total of 11 Developed Custom Lots.  The Seller was DR Horton, Inc.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Colter Place

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August 4, 2017 – Atlanta based homebuilder LGP Enterprises, Inc., purchased a ±2.11 Acre residential infill site located at 13th Pl & Colter Rd, Phoenix.  The cash purchase price was $2,000,000 | $64,516/Planned Lot (31 Lot portion of entire site). This transaction represents the first purchase in a ±2.98 Gross Acre site – tentatively called Colter Place – that will total 51 Single Family Row Townhome Lots | 20’ x 40’.  The Seller  was 13th Place SF, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Seller in this transaction.
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Village at Tres Rios Landing

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August 2, 2017 – Palo Duro Homes purchased 50 Developed Lots | 40’ x 80’ within The Village at Tres Rios Landing subdivision located South of the Southeast corner of  Buckeye Rd & Dysart Rd, Avondale, Arizona.  The cash purchase price was $1,550,000 | $31,000/Developed Lot.  The Seller in this transaction was Tres Rios Group 50, LLC.   Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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Shadow Rock / College & Continental

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July 28, 2017– Taylor Morrison Homes purchased a 2.25 Acre site located at College Ave & Continental Dr in Tempe.  The site will be called Shadow Rock and consists of 18 Platted & Engineered Lots | 50’ x 68’.  The cash purchase price was $1,450,000 | $80,555/Platted & Engineered Lot.  The Seller in this transaction was Empire Residential Communities Fund III, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
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94th St & Cactus

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July 13, 2017 – Empire Residential Communities Fund III, LLC, purchased the 1-Acre Mission Montessori  School site located at 94th St & Cactus Rd, Scottsdale, for $945,000.  The Seller in this transaction was Smart Family, LLC.  This is the final parcel in Empire’s ±16 Acre Wolf Springs Ranch assemblage that is planned for 45 Lots | 80’ x 130’.  In June, 2016, Empire purchased the adjacent Casy Preschool site on 93rd St & Cactus.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Buyer in both transactions.
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