Recently Closed Transactions

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January 17, 2012 – Maracay Homes purchased 59 Developed Lots in the Montelena Master Plan, located at Chandler Heights Rd & Hawes Rd, Queen Creek, Arizona.  The cash purchase price was $3,304,000 | $56,000/Developed Lot.  The breakdown of the lots is as follows: 36 Lots (120’ x 150’), 16 Lots (90’ x 140’) and 7 Lots (100’ x 140’).  The seller in this transaction was Metropolitan Land Company.  Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented the Buyer in this transaction.
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December 30, 2011 – Flatiron Investments purchased 77 Developed Lots with a typical lot size of 50’ x 120’ within Parcel 15 of the Villago Master Plan, located at McCartney Rd & Pinal Ave, Casa Grande, Arizona.  The cash purchase price was $847,000 | $11,000/Developed Lot.  The seller in the transaction was Villago South, LLC.  Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented the Seller in this transaction.
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December 8, 2011 – Pinnacle Ridge Holdings purchased 32 Developed Unpadded One-Acre Lots at Adobe Meadows, located at Signal Butte Rd & Adobe Rd in the Northeast Mesa Submarket, Maricopa County, Arizona.  The cash purchase price was $1,200,000 | $37,500/Lot.  The seller in the transaction was ML Manager LLC.  Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented the Buyer in this transaction. __________________________________________________________________________________________________________________________________

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October 31, 2011 – Shea Homes purchased 51 developed Townhome Lots within the private Blackstone at Vistancia Golf Course Master Plan, located near Lone Mountain Pkwy & Vistancia Blvd, in Peoria, Arizona.  The cash purchase price was $2,000,000 | $39,215/Lot.  Shea Homes is purchasing the lots in a Two-Phase Takedown, with the initial takedown consisting of 26 Lots.  The second Takedown for the remaining 25 Lots will be on or before April, 2012.  The seller in the transaction was RBC Real Estate Finance, Inc.  The transaction was brokered by Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group.
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August 31, 2011 – Keystone Homebuilders purchased 42 Developed Townhome Lots within Rancho Madera, located off Cave Creek Rd & North Basin Rd in downtown Cave Creek, Arizona.  The completed clubhouse amenity was included with this purchase.  The cash purchase price was $2,075,900 | $49,426/Lot.  The seller in this transaction was Guaranty Bank & Trust out of Denver, Colorado.  The lots were being exclusively marketed by the Westland Properties Group on behalf of Guaranty Bank & Trust.  The transaction was brokered by Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group.
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August 26, 2011 – A Canadian investment group purchased 83 Developed 45’ x 110’ Lots within the San Tan Heights Master Plan / Parcel C7, located near Hunt Hwy & San Tan Heights Blvd in North Pinal County, Arizona.  The seller was Saratoga Meadows LLC.  The purchase price was $1,660,000 | $20,000/Developed Lot.  Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented the Seller in this transaction.
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July 18, 2011 – Encanta Homes purchased 51 Partially Developed Lots at Twelve Oaks Estates, located at Peoria Ave & Sarival Ave in the Surprise Submarket, Maricopa County, Arizona.  The cash purchase price was $765,000 | $15,000/Lot.  Typical lot size is 35,000sf.  The seller in this transaction was First National Bank of Olathe.  Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented the Seller in this transaction.

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June 2, 2011 – Quantum Capital purchased (341) developed lots within the Tartesso Master Plan located at Indian School Rd & Sun Valley Pkwy in the Town of Buckeye.  The purchase price was $2,216,500 | $6,500/Developed Lot.  The lots were a mix of (216) 48’ x 115’s and (125) 55’ x 115’s in 4 subdivisions.  The Seller in this transaction was Elliott Homes.  Quantum Capital plans to hold the lots and sell to homebuilders at a later date.  The deal was brokered by Grant Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group.

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May 4, 2011 – Quantum Capital purchased (78) developed 65’ x 124’ lots for $1,000,000 ($12,821/lot) within Parcel NW-9 of the Tortosa Master Plan located off of Honeycutt and Hartman Roads in the Town of Maricopa.  The lots were purchased from Wachovia Bank.  Quantum Capital plans to hold the lots and sell to homebuilders at a later time.  The deal was brokered by Grant Helgeson, Don McCaul, and Ryan Arp of the Westland Properties Group.

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February 9, 2011 – A Canadian investment group purchased (60) fully developed lots with a typical lot size of 53’ x 110’ within the Tres Rios Landing subdivision located south of the southeast corner of Buckeye Road and Dysart Road in Avondale, Arizona.  The seller in this transaction was Marketplace One. The cash purchase price for this transaction was $1,170,000 ($19,500/developed lot).  The transaction was brokered by Grant D. Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group.

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