Meritage Homes eyes big project in North Carolina

(Disclosure: Rose Law Group represents Meritage Homes.)

By Ben Tobin | Phoenix Business Journal

One of the largest residential projects in the Greater Triangle region of North Carolina is taking a big step forward with a land acquisition by an Arizona builder.

Scottsdale-based Meritage Homes Corp. (NYSE: MTH) recently acquired more than 334 acres off Interstate 85 in Butner for more than $4.8 million, according to Granville County deed records. The land sits off West Lyon Station Road.

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