Land Advisors Organization of Metropolitan Phoenix announced the sale of 279 lots in Northern Crossing Maricopa, located at the NEC of Northern Avenue and Cotton Lane, to Lennar Arizona, Inc., for $5.5 million.
The sale of this parcel is 66.61 gross acres and is zoned and platted for 202 lots with a dimension of 45 feet by 120 feet and 77 lots with a dimension of 50 feet by 120 feet.
The sale was handled by Mike Schwab, Bret Rinehart, Ryan Semro, and Ben Heglie of Land Advisors Organization of Metropolitan Phoenix who specialize in home builder developments and master-planned communities throughout Arizona.
“Lennar continues to expand their presence along the Loop 303 Corridor in the South Surprise sub-market,” Schwab said. “This new subdivision will have a
minimum lot size of 45 feet by 120 feet and will provide new home product for both the ‘first-time’ and ‘first-time move-up’ home buyer.”
