Douglas F. Bauer & James Attwood Acquire 40 Acres In Mesa For $20 Million To Develop Ascension

Approximately 40 acres of land located at the northeast corner of East Brown Road and North 32nd Street in Mesa, AZ, was sold for $20 million. The sale involves a prime development opportunity for a new gated community called Ascension, which will feature 46 single-family homesites and incorporate citrus trees into its landscaping to reflect the area’s agricultural history.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $20,000,000
• Address: Northeast corner of East Brown Road and North 32nd Street
• Market: Mesa, AZ
• Acres: 40
• Buyer: Douglas F. Bauer & James Attwood - Tri Pointe Homes

The transaction was facilitated by Douglas F. Bauer and James Attwood, who represent Tri Pointe Homes in this acquisition. The planned development will highlight the local agricultural heritage through its design elements.