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.