Developer plans new West Valley community

Photo via Nathan & Associates, Inc.

By Angela Gonzales | Phoenix Business Journal

Phoenix-based TerraWest Communities just paid $10 million in cash for a 210-acre parcel in the West Valley.

Funded by New York-based JEN Partners LLC’s private equity real estate fund, TerraWest bought the vacant land near 219th Avenue and Sun Valley Parkway in Surprise from entities tracing to Wayne R. Moretti, according to Tempe-based real estate data firm Vizzda LLC.

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