Homebuilder buys 32 acres in Gilbert for gated subdivision

By Mike Sunnucks | Phoenix Business Journal

Maracay Homes — an arm of TRI Pointe Group (NYSE: TPH) — has bought 31.9 acres in Gilbert for the development of 63 new homes.

Maracay paid $4.26 million for the land near Riggs Road and 156th Street. The seller was Hari C. Puri.

Jeremy Lovejoy and Brian Stillman of Insight Land and Investments brokered the East Valley sale.

Maracay plans on developing a gated subdivision called Marathon Ranch.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.