Location: Surprise (Grand Avenue near Loop 303)
Buyer: Lennar Corp.
Seller: HE Capital Phase 1 Property LLC
Sale price: $17.6 million
Size: 232 home sites
Brokers: Land Advisors Organization’s Ryan Semro, Bret Rinehart, Ben Heglie, Greg Vogel and Mike Schwab
Builder plans: Lennar plans to build a subdivision called Horizon at Asante with homes priced between $200,000 and $300,000.
Details: The new development is part of a larger Asante residential and mixed-use project.…