- 15 Lots for $874,500
- 41 Lots for $2,390,300
KB Homes acquired the lots per a prior purchase agreement
dated July 26th, 2012 and requested to transfer home plans at the
City of Gilbert, found here.
Cooley Station is located in Gilbert—West of the Northwest
corner of Pecos and Recker Roads. The subject lots have a minimum of 40’ x 98.5’
and are zoned SF-6. Forty-five of the lots are located in Phase II which totals
227 lots, and eleven of the lots are in Phase I which totals 322 lots. This
acquisition consists of the remaining finished lot inventory in both Phase I
and Phase II.
Quantum and Dolphin previously purchased the lots in two
transactions—acquiring the subject 41 lots from Saybrook on September 17th,
2010 for $1.23m. The remaining 15 lots were purchased in a bankruptcy sale
April 4th, 2011.
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