April 24, 2024 8:49 pm
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Shea completes Gilbert purchase

(Editor’s note: News releases are published unedited, unless they contain factual errors.)

Shea Homes LP completed their purchase of the ±79 Acre Recker Pointe site located at the Southwest corner of Ray Rd & Recker Rd in Gilbert, Arizona.

The cash purchase price was $16,000,000 | $202,531/Acre | $41,775/Lot.  The site was purchased in a Two-Phase takedown and is planned for 383 Lots as follows: 128 Lots | 45’ x 118.5’; 78 Lots | 55’ x 128.5’ and 177 Motor Court Lots.

The Seller was Atlas Development II, LLC.  Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.