Taylor Morrison purchases large tract of land along Loop 303

Photo courtesy of Nathan & Associates

By Angela Gonzales | Phoenix Business Journal

Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) has purchased 178 acres for $25 million along Loop 303 in the West Valley.

The nation’s fifth-largest homebuilder bought the land on each side of Loop 303 just north of West Peoria Avenue in the city of Surprise. Taylor Morrison and KB Home (NYSE: KBH) already had built homes in the first section of the community, called Sycamore Farms.

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