Westland Properties Group

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RSSRecently Closed Transactions

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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Village at Meridian Hills

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July 19, 2017 – Monarch Investors, LLC, purchased a ±5.69 Acre site located North and West of the Northwest corner of 16th St & Baseline Rd, Phoenix, Arizona.  The site consists of 31 Platted & Engineered Lots | 55’ x 80’ and will be called Village at Meridian Hills.  The cash purchase price was $650,000 | $20,967/Platted & Engineered Lot.  Monarch Investors, LLC, will develop the site, build and sell homes.  The Seller in this transaction was Jen-Skye LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Monarch Investors, LLC, in this transaction.
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Mulberry Parcel 5

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April 27, 2017
– Blandford Homes purchased Mulberry Master Plan Parcel 5, a 43.75 Acre site located at the Northeast corner of Crismon Rd & Guadalupe Rd, Mesa, Arizona.  The site is planned for 163 Lots | 45’ x 120’.  The site was purchased in two separate cash transactions. The combined total purchase price was $6,884,908 | $42,238/Lot. The Seller in this transaction was Desert Vista Land Group, LLC.  Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented Blandford Homes in this transaction.
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Sunrise Mountain

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March 31, 2017 – The City of Peoria finalized the purchase of the Sunrise Mountain Master Plan site located at 91st Ave & Happy Valley Rd, Peoria, Arizona. The City of Peoria is utilizing this site for Open Space / Preserve use.  The Seller in this transaction was Sunrise Mountain Development Partners LLC / Keith Holben.  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 & Brian Beard of the Westland Properties Group represented the Seller in both transactions.
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19th Ave & Tierra Buena

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February 6, 2017 – Meyer Development & Construction Services, Ltd., purchased 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, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
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Sincuidados

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January 12, 2017 – Cachet Homes purchased 4 Developed 1+ Acre Custom Lots within the Sincuidados gated Master Plan, located at Lone Mountain Rd & Pima Rd, Scottsdale, Arizona.  The purchase price was $980,000 | $245,000/Developed Custom Lot.  This sale represents the second of 3 takedowns for a total of 16 Lots.  The Seller was Wallace Desert Gardens.  Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
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Parolo Vista Estates

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December 28, 2016 –  Towne Development, Inc. purchased 10 Developed 1+ Acre Custom Lots within the  Parolo Vista Estates gated community, located at 66th St & Pinnacle Vista Dr, Scottsdale, Arizona.  The purchase price was $2,850,000 | $285,000/Developed Lot.  This sale represents the first of two takedowns for a total of 11 Developed Custom Lots.  The Seller was DR Horton, Inc.  Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
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16th St & Loop 101

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October 4, 2016 – Luna Azul Development Fund, LLC, purchased a ±4.41 Acre parcel located at the Southwest Corner of Loop 101 Freeway & 16th St in Phoenix, Arizona.  The cash purchase price was $1,166,000 | $264,400/Acre | $38.867/Lot.  The property is being developed as a 30-Lot Cottage Home Community for Disabled Adults.  The Sellers were Freeman Revocable Trust and Brown Revocable Trust. Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented Seller in this transaction.
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24th St & Indian School

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September 29, 2016 – JMJ Investors 24, LLC purchased a .695 Acre parcel located on 24th St North of Indian School Rd, Phoenix, Arizona.  The cash purchase price was $675,000 | $22.30/sf.  The Seller in this transaction was Hartzler@24th Street LLC.  JMJ Investors is planning to hold this property strictly for investment purposes.  Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented the Seller in this transaction.
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Ray & Recker

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September 20, 2016 – Shea Homes LP purchased a ±79 Acre parcel 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 is being 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, Don McCaul and Brian Beard of the Westland Properties Group represented both parties in this transaction.
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93rd St & Cactus

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June 9, 2016 – Empire Residential Communities Fund III, LLC purchased the ±1.9 Acre Casy Preschool site from John & Diane Spero.  The cash purchase price was $1,890,000.  The site will be incorporated into the planning of Empire’s adjacent ±13.42 Acre Wolf Springs Ranch subdivision for additional Single Family Lots.  Grant D. Helgeson, Don McCaul and Brian Beard of the Westland Properties Group represented the Buyer in this transaction.
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5505 E Skinner

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June 14, 2016 – MJ2 & Co LLC, Mike DeMore, purchased 4.9 acres at 5505 E Skinner Dr., near 56th St & Dixileta Dr. in the North Phoenix submarket, Maricopa County, Arizona.  The Seller in this transaction was VKL Trust.  The cash purchase price was $520,000.  Grant D. Helgeson, Don McCaul & Brian Beard of the Westland Properties Group represented the Buyer in this transaction.
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Sunrise Mountain

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May 9, 2016 – The City of Peoria purchased ±85 Net Acres for open space / preserve use within the Sunrise Mountain Master Plan site located at 91st Ave & Happy Valley Rd, Peoria, Arizona.  The Seller in this transaction was Sunrise Mountain Development Partners LLC / Keith Holben.  The cash purchase price was $1,950,000.  The City of Peoria has an option to purchase the ±123 Net Acre balance of the ±208 Gross Acre site within the  next 14 months.  Grant D. Helgeson, Don McCaul & Brian Beard of the Westland Properties Group represented the Seller in this transaction.
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Brown & Greenfield

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May 16, 2016 – Pinnacle Ridge Holdings/Blandford Homes purchased a 3.59 acre site planned for 10 Single Family Lots | 70’ – 80’ x 130’, located south of the southeast corner of Brown Rd & Greenfield Rd, Mesa, Arizona.  The cash purchase price was $725,000 | $72,500/Planned Lot.  The Seller in the transaction was Sky Investment Properties, LLC.  Property to be an extension of Blandford Homes adjacent subdivision, The Estates at Valencia.  Grant D Helgeson and Don McCaul represented the Buyer in this transaction.
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