November 17, 2024 11:42 am
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3 home builders buy 51 acres in Marbella Ranch for $4.9M

AZRE

Cushman & Wakefield completed a 51-acre sale at Marbella Ranch Phase I, located at the northwest corner of El Mirage Road and Glendale Avenue in Glendale, Ariz. Three national home builders including KB Homes, Lennar Homes and Meritage Homes purchased the property from Scottsdale-based TRS 8 LLC (an entity of Marbella Homes) for $4,864,950.

Brent Moser, Mike Sutton and Brooks Griffith with Cushman & Wakefield’s land group represented the seller in the transaction.

The 51-acre site, within Marbella Ranch, will include 295 lots for single-family homes. KB Homes purchased 96 lots, Lennar Homes purchased 99 lots and Meritage Homes purchased 100 lots.

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