Homebuilder pays $3.5M for 18 acres in sought-after submarket

Aerial of the 18.1 acres sold at the southeast corner of Loop 303 and El Mirage Road in Maricopa County. /Photo courtesy of Cushman & Wakefield

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Cushman & Wakefield announced that CRG Financial Partners, LLC sold 18.1 acres at the southeast corner of Loop 303 and El Mirage Road in Maricopa County for $3.5 million to Scottsdale-based AV Homes of Arizona, LLC. Brian Rosella of Cushman & Wakefield represented the seller.

AV Homes of Arizona, the developer and builder of active adult and conventional home communities in Florida, Arizona and the Carolinas, is planning 85 preliminary platted residential lots for the site.

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