Land Advisors Organization’s Phoenix Team Closes on the First Phase of a ±24.5 Acre Parcel within the Mystic at Lake Pleasant Heights Community, Located in Peoria, Arizona to NexMetro Communities for $3.25MM
The new development will bring 263 luxury rental units to the North Peoria area.
Scottsdale, Ariz. (January 8, 2020) – Land Advisors Organization’s Metropolitan Phoenix office is pleased to announce the sale of approximately 13 acres within the Mystic at Lake Pleasant Heights community located in Peoria, Arizona. Arizona-based NexMetro Communities, a leading developer of luxury leased-home neighborhoods, purchased the site for nearly $3.25M and plans to begin constructing phase one of the community, which will be comprised of 263 luxury multifamily units. NexMetro is the third builder to land in this nearly 1,090-acre community being developed by a partnership between Avanti Properties Group and Voyager Investment Properties LLC, led by Principals Mark Voigt and Dave Rogers.
The property is located on El Mirage Road and Westland Road, east of the first phase of 423 lots in the Mystic at Lake Pleasant Heights Community where Lennar Homes and Taylor Morrison are scheduled to start new homes sales this month. The Mystic community is also located immediately north of the award-winning and highly-successful community of Vistancia. The ideal northwest Peoria location provides future residents with access to many desirable lifestyle amenities and outdoor activities at Lake Pleasant Regional Park and is just minutes from the Loop 303 for easy connectivity to the surrounding areas.
Greg Vogel, Mike Schwab, Bret Rinehart, Ryan Semro, and Ben Heglie, who specialize in home builder developments and master-planned communities throughout Arizona for Land Advisors Organization’s Metropolitan Phoenix office, represented the seller in the transaction. The firm continues to advise clients on this product type and is working on several similar projects in the area.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Tampa, and Jacksonville, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIN.
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Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965