By Angela Gonzales | Phoenix Business Journal
Toll Brothers Inc. (NYSE: TOL) has scooped up 202 acres in Pinal County, just across the street from Queen Creek, with plans to build 618 entry-level homes.
The national homebuilder paid $21.12 million for the land at the northeast corner of Spring Valley Parkway and Hunt Highway from an entity tracing to Arcus Private Capital Solutions, according to Vizzda LLC real estate database.
Total development costs for the entire project, including the land acquisition will be about $60 million, said Bob Flaherty, Arizona division president for Horsham, Pennsylania-based Toll Brothers.
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