print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Products
Commercial Real Estate News

Lennar Acquires 20-Acre Parcel in Norcross

Developer Purchases Peachtree Corners Land for $7.6 Million
February 14, 2013
Lennar Corp., a residential development company based in Miami, FL, purchased 20.6 acres at the intersection of Peachtree Parkway and Metlock Bridge Road in Norcross, GA.

Roberts Properties sold the undeveloped land for $7.59 million, or approximately $368,000 per acre. The seller acquired the site in 2004 with the intent to develop it, but had not yet done so by the time of sale.

The Jordan Co. Investment & Commercial Real Estate represented Lennar. Roberts Properties did not use a broker.

Please see CoStar COMPS #2674868 for more information on this transaction.

 Find us on 

Welcome To CoStar's
Industry-Focused,
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News