(Disclosure: Rose Law Group represents Lennar.)
By Karen Schutte | Real Estate Daily News
The Star Valley master-planned community continues to be the go-to destination for homebuilders in Tucson’s southwest submarket. Lennar Arizona, LLC has closed on an additional 85 finished lots, advancing its existing program within the master plan. The builder paid $7,905,000 ($93,000 per lot) for the finished lots.
The seller in the transaction was GAC Star Valley, LLC, a partnership managed by Sunbelt Holdings, including Rick Andreen and Mike Geddes of Scottsdale. Sunbelt Holdings has become one of the most active master developers in the Tucson region, delivering a significant share of the market’s new finished lots annually. In addition to Star Valley, their portfolio includes well-known communities such as La Estancia, Red Rock Village, Sycamore Canyon, Monarch in Marana, and Camino Verano. Star Valley alone has delivered more than 1,500 lots to homebuilders in the past 48 months.
The project was initially acquired by Geddes and Andreen of Scottsdale in 2019, who later partnered with Sunbelt Holdings to develop the balance of the community. The 85 lots purchased by Lennar are 40′ x 115′ in Block 3, Phase 2. Star Valley’s near-term focus will be preparing additional plats for delivery to the community’s homebuilders later in 2026.
