Location: Surprise (Grand Avenue near Loop 303)

Development: Asante

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.…

Source: http://feeds.bizjournals.com/industry_21