CalAtlantic Homes Inc. Purchases 19.39 acre Site for New Homes

Fontana, California, December 21,2015  – Public Homebuilder, CalAtlantic Group Inc. has acquired a 19.39 acre land parcel in Fontana, with plans to develop single-family homes in a community called Stonehaven.

The community is approved for 96 single family detached lots, offering two-story homes with lot sizes ranging from 4,000 square feet to 8,149 square feet with the average lot size of 4,451 square feet. A 30,000 square foot park will be centrally located within the community which includes a tot lot, barbeques, gazebos, putting green and a butterfly and hummingbird garden.

“When the Stonehaven map was approved in 2014, it was one of the last 4,000 sq.ft. lot projects to be approved by the City of Fontana” said Brett S. Albrecht, President of Kraemer Land Company, Inc.  “We were very pleased to finalize our development plan while working closely with CalAtlantic Group, LandAdvisors and The City of Fontana.  We look forward to working on future projects in Fontana and other markets in the Inland Empire.”

The buying entity in the land deal was recorded as CalAtlantic Group Inc., and the seller was Kraemer Land Company, Inc. The transaction was brokered by Doug Jorritsma and Winn Galloway of Land Advisors Organization representing the Seller.

Stonehaven is specifically located at the southwest corner of Beech Avenue and Sierra Lakes Parkway in the City Fontana. Primary access to the property will be provided via SR-210 (Foothill freeway) at the Citrus Avenue exit.

ABOUT COMPANY

The Land Advisors Organization specializes in the innovative brokerage of land and improved property through deep market insight and unparalleled service to owners and consumers of real estate. With an exclusive focus on land-related assets, we integrate comprehensive information, cutting-edge mapping technology and the knowledge and experience of highly specialized professionals to help our clients identify and capitalize on valuable opportunities in all kinds of economic environments.

The Land Advisors Organization employs a true collaborative brokerage model with offices located in Arizona, California, Idaho, Nevada, New Mexico, Florida, Texas, Utah and Washington.

CONTACT:
Doug Jorritsma & Winn Galloway
Land Advisors Organization
(949) 852-8288
(9490 852-8108
djorritsma@landadvisors.com or wgalloway@landadvisors.com