Taylor Morrison closes on Mesa land once owned by dairy farmers

(Disclosure: Rose Law Group represents Taylor Morrison and Lennar.)

By Angela Gonzales | Phoenix Business Journal

Scottsdale-based Taylor Morrison Home Corp. is the first homebuilder to close on a prime chunk of vacant land that once was a dairy farm in Mesa.

Taylor Morrison (NYSE: TMHC) paid $56.43 million for 178 acres at a new 1,200-acre master-planned community called Hawes Crossing, then turned around and sold 17.91 acres to IDM Cos. for $8.53 million and another 13.16 acres to Treger Financial for $6.3 million.

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“With the great work of Jordan Rose at Rose Law Group, Greey Pickett and HilgartWilson, the vision is finally coming together,” Nathan said.