Lennar Acquires Nearly 67 Acres for Northern Crossing Maricopa Development
Land Advisors Organization of Metropolitan Phoenix completed the sale of 279 lots in Northern Crossing Maricopa to Lennar Arizona, Inc., for $5.5 million. The site is located at the NEC of Northern Avenue and Cotton Lane, 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.
Land Advisors Organization’s Mike Schwab, Bret Rinehart, Ryan Semro, and Ben Heglie handled the sale. The team specializes in home builder developments and master-planned communities throughout Arizona.
Schwab says, “Lennar continues to expand their presence along the Loop 303 Corridor in the South Surprise sub-market. 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.”
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