Mattamy Homes bought 85.36 acres of land in San Tan Valley for $20,312,797, according to the commercial real estate tracking website Vizzda.

The land is located at southeast corner of Thompson Road and Hunt Highway in San Tan Valley.

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The sale price breaks down to $237,966.23 per acre.

The seller was the McRae Group of Companies.

The title agent was Dustin Gaskey of Thomas Title & Escrow. The brokers were Ryan Duncan and Dan Baldwin of Nathan & Associates.