Undeveloped lots in Gladden Farms, a master-planned community west of Interstate 10 on Tangerine Road, have been acquired by a New York-based company.
Petrus Partners Ltd. purchased the last undeveloped lots in the 1,350-acre community.
The acquisition was Petrus' 13th residential land buy in Arizona since 2008, the company said in a news release.
In the deal, Petrus bought 500 undeveloped residential lots in Gladden Farms Phase I and 370 acres of entitled residential land and 123 acres of commercial property in the Phase II section.
Gladden Farms is 25 miles northwest of downtown Tucson.
The seller was the Forest City Land Group, a subsidiary of Forest City Enterprises, Inc.
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