Toll Brothers purchased the 40 ± Acres (20 Fully Developed Lots) at the SWC of Peak View Road and Scottsdale Road called “Turquesa Equestrian Estates.” The 20 lots are gated and range in size from 1.4 ± acres – 2.4 ± Acres. Mortgage Equities XVII, managed by Mitch Medigovich was the seller in the transaction. The seller is a private lender that foreclosed on the subdivision in January 2009.
Toll Brothers purchased the 20 lots for $8,400,000 ($420,000 Per Lot). Toll Brothers is currently building South of Turquesa in the “Saguaro Estates.” The transaction was negotiated by City to City Commercial – Richard Arambula and Dan Krantz. Contact Richard at (480) 688-3018 or Dan Krantz (480) 729-6809 for more info.