Toll Brothers buys more Valley land with plans for upscale development

Builder already has numerous projects in the works around the Phoenix region

By Angela Gonzales | Phoenix Business Journal

Toll Brothers Inc., a high-profile national builder, is planning to develop 93 luxury homes in the southeast Valley.

Pennsylvania-based Toll Brothers paid $5.1 million for 44.3 acres in Queen Creek on which to build the homes.

Called Caleda, the project is east of the northeast corner of Ellsworth and Cloud roads in Queen Creek, said Ryan Willis, broker with Mesa-based Willis Property Co., who brokered the transaction.

The seller in the deal was Arnett Family Inc., Willis told the Business Journal.

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