Taylor Morrison buys 156-acre vacant parcel in north Phoenix for new master-planned community

Taylor Morrison Home Corp. (NYSE: TMHC) just plopped down $32.2 million in cash for a 156-acre parcel near Taiwan Semiconductor Manufacturing Co.’s $165 plant being developed in north Phoenix.

The Scottsdale-based homebuilder bought the property from MacEwen Ranch LLC in care of Sunbelt Holdings, paying $205,869.19 per acre, according to Tempe-based real estate database Vizzda LLC.

Who represented Taylor Morrison Home Corp. in the deal?

Nate Nathan and Dave Mullard of Nathan & Associates Inc. represented the seller in the deal.

With Halo Vista’s $7 billion science and technology park set to rise around Taiwan Semiconductor Manufacturing Co.’s $165 billion north Phoenix fab site and Tempe-based Amkor Technology Inc. building within the Vistancia master-planned community, the north Phoenix corridor has become one of the hottest areas for housing in the Valley, said Nathan, president and designated broker for Nathan & Associates.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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