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Shea completes Gilbert purchase

Posted by   /  September 26, 2017  /  No Comments

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(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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