Randall Martin, a real investment and development firm focused on the Southwest, recently closed on 70-acres in North Marana, Arizona. The purchase for $2.25 million includes lots for as many as 280 new homes.
The 70-acre purchased from the Barnett Family Trust is part of the Villages at Barnett located in North Marana adjacent to Tangerine Farms and Loop Road extension.
This is the fourth major acquisition for Randall Martin in North Marana since 2011. The company previously partnered with Soundview Real Estate Partners on the purchase of three commercial parcels near the Villages at Barnett. They also hold more than 800 acres of residential and commercial land that is located within the master-plan of Sanders Grove in Marana.
“The location offers great access to business and community amenities,” explains Randy Bury, Randall Martin founder and president. “This is ideal for a builder looking to develop in this area.”
Will White and Greg Vogel from Land Advisors Organization were the brokers on the transaction.
Randall Martin, under the direction of Randy Bury is a real estate investment firm that specializes in purchasing raw land for development and sale and seeks opportunities in the Southwest. The company also provides advisory services to real estate investors and developers seeking assistance in asset management and entitlement and manages its own homebuilding projects.