Wednesday, November 21, 2012

±530 Acres In Eastmark Purchased For $32,157,150


VIZZDA—11/21/12—A venture between Terrawest Communities (Mr. Mike Jesberger), Jen Partners (Mr. Ethan Leibowitz), and AV Homes (Mr. Sam Colgan) paid $32,157,150 for approximately 527 acres / or $61,020 per acre.

The seller was DMB, Eastmark’s master developer. Nate Nathan was the broker.

Per Mr. Jesberger, the acreage is planned for two communities (executive/enclave): ±310 ac planned for 1,000 lot age restricted community. ±220 ac planned for 550 lot gated, higher end community.

Acreage per Mr. Jesberger; 528.49 acres per assessor. Gain access to the daily pipeline of researched deal intelligence with Vizzda.

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