(Disclosure: Rose Law Group represents Lennar.)
TUCSON, ARIZONA — Lennar Arizona, Inc. recently purchased an additional 78 lots at La Estancia. Lennar paid $5.2 million ($65,000 per lot) for the finished lots (40’X115’). This acquisition comes as a follow up to Lennar’s purchase of 97 lots earlier this year in February.
The seller in this transaction was Sunbelt Holdings.
La Estancia, a 556-acre master planned community, is widely recognized as one of Tucson’s best performing large communities. La Estancia offers master-planned living in this prime southeast submarket. Centrally located just off of I-10 and Wilmot Road and nearby some of Tucson’s most prominent employment centers including Raytheon Missile Systems, Davis Monthan Air Force Base, U of A Tech Park and the Tucson International Airport. Residents benefit from community amenities including a sparkling pool, splash pad, shaded ramadas and play equipment, ready for use. This new phase will advance development south of Camino Boleadoras and include a new amenity package as well.
