Lennar buys in north Peoria

(Disclosure: Rose Law Group represents Lennar.)

By Philip Haldiman | Phoenix Business Journal

A Valley homebuilder has won a prime piece of real estate in north Peoria.

Lennar Arizona had the winning bid of $8.7 million at an April 10 Arizona State Land Department auction. The builder won the 22-acre parcel, located at Deer Valley Road and Lake Pleasant Parkway, after 21 bids, with an opening bid of $6.15 million.

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