5,261 acres in Saddleback Heights in Peoria sell for $107M
By: AZ Big Media
Castle Hill Partners, an Austin-based community developer, purchased the 5,261-acre master planned community project known as Saddleback Heights. The parcel is the largest remaining undeveloped master planned community project site in the city of Peoria, Arizona. The sale price was $106,582,887, according to Vizzda.
Saddleback Heights was initially planned in the 1990’s. Castle Hill Partners has immediate plans to commence development of the site. The purchase marks the developer’s first master planned community development in Arizona. Land Advisors Organization professionals Greg Vogel, Ryan Semro, Bret Rinehart, Mike Schwab and Wes Campbell represented Vandon Partners, LLC, a partnership between Diamond Ventures and VT LandGroup, the seller in the transaction.