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KB Home Developing Subdivision in Mesa

FOR IMMEDIATE RELEASE

Media Contact:
Stacy Bayless
480.235.6543
sbayless@kitchensinkstudios.com

KB Home Developing Subdivision in Mesa

Scottsdale, Arizona (March 23, 2018) – Land Advisors Organization’s Scottsdale team of Ben Heglie, Bret Rinehart and Ryan Semro represented the sellers, Allred Family LTD Partnership and Jerry L. Allred in the recent $5,570,347 cash transaction to buyer, KB Home Phoenix Inc.

KB Home has assembled 25 acres located just east of the northeast corner of Lindsay Road and Southern Avenue in Mesa to develop a 108-lot community called Allred Ranch. The company plans to build on lots averaging 5,290 square feet. The homes will range from approximately 1,700 square feet to 2,800 square feet with pricing expected from $270,000 to $320,000. The models are scheduled to open in second quarter.

For more information regarding the Phoenix metro market and specifically these transactions, contact Ben Heglie at bheglie@landadvisors.com, Bret Rinehart at brinehart@landadvisors.com or Ryan Semro at rsemro@landadvisors.com.

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Founded in 1987, Land Advisors Organization is the nation’s largest brokerage firm focused exclusively on land. We specialize in innovative land brokerage through deep market insight and unparalleled client relationships. Land Advisors Organization integrates current comprehensive information, cutting-edge technology and geographically specialized professionals to help our clients identify and capitalize on valuable opportunities in all kinds of economic environments.

Land Advisors Organization employs a true collaborative brokerage model with offices located throughout Arizona, California, Florida, Idaho, New Mexico, Nevada, Utah, Texas and Washington. To learn more about LAO, visit us on our website at landadvisors.com and connect with LAO on Twitter FacebookLinkedIn and Twitter.