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Lennar Buys More Anaheim Platinum Triangle Land for $56M

Master-Planned Community Near Angel Stadium Gets Another 13.5 Acres
March 24, 2006
Lennar Communities purchased 13.5 acres in the Anaheim Platinum Triangle in California for $56 million, or about $4.15 million per acre. With the acquisition, Lennar now owns more than 55 acres in the Anaheim Platinum Triangle, which accounts for more than 50% of the approved residential projects in the area. Lennar's assets in the Anaheim Platinum Triangle now amount to $250 million.

The land is located next to the Angel Stadium of Anaheim, and Lennar will use it to build "A Town," a master-planned community that will include two parks, nearly 2,700 dwellings, and roughly 150,000 square feet of commercial space.

Louis Tomaselli and Mitch Zehner of Voit Commercial Brokerage represented Lennar Communities.
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