Home developer partners buy 836 acres of land in Surprise for $111.7M
Jun 3, 2022, 8:00 PM
(Asante Development Partners Photo)
(Asante Development Partners Photo)
PHOENIX — Three home developers closed on a purchase of 836 acres of land Friday in Surprise for $111.7 million.
The partners — Lennar Homes, Pulte Homes and Taylor Morrison Homes — teamed up to purchase the land within the Asante Planned Community located near 163rd Avenue and Pat Tillman Boulevard, according to a press release.
The location includes 752 acres of single-family residential land totaling up to around 2,750 lots, 56 acres of high-density residential land and 28 acres of commercial land.
RELATED STORIES
Land Advisors Organization represented the seller, HE Capital Asante LLC, which has owned the property since 2009.
“The northwest Valley s one of the most active development areas in the Valley. This acquisition provides all three builders with the opportunity to continue their delivery of high-quality housing to the north Surprise market for the next 4 to 7 years,” Mike Schwab, principal and designated broker with Land Advisors Organization, said in the release.
“By joining forces, these builders will provide future residents of the community with a range of diverse new home options, further adding to the area’s attractiveness.”
