COTTONWOOD, Ariz. - eTradeWire -- Mesquite Hills, a residential subdivision in Cottonwood, Arizona, completed the sale of 26 finished lots in the community's Phase 2 to Century Complete Homes for $2.418 Million. The purchase marks the homebuilder's entry into the Cottonwood market.

Mesquite Hills, which is located on Mesquite Hills Drive just west of Mingus Avenue in Cottonwood, is adding several new phases to its development. Ultimately, the new phases will include the addition of 260 new single-family homesites. Century Complete Homes has agreed to purchase all of the new lots in several phases, allowing Mesquite Hills to complete the development of its planned lots in Phases 3, 4, 5 and 6.

Capri Barney with Land Advisors Organization's Prescott office represented the seller, Mesquite Hills Phase 2 LLC, in the transaction.  The buyer was WJH Sales, an entity affiliated with Century Complete Homes. Century Complete Homes is an entity of Colorado-based Century Communities, Inc., which currently has a presence in various other Arizona markets, including Prescott, Tucson and throughout Maricopa County.

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"The Verde Valley's growth in recent years makes the development of these new phases particularly appealing to builders and area residents," said Barney. "It's exciting to know that Century Complete is going to bring a significant number of their quality affordable homes to the Mesquite Hills subdivision, and provide new, centrally located, residential options to our residents."

Century Complete's initial purchase includes lots measuring approximately 50'x100' each. Mesquite Hill's Phases 3, 4, 5 and 6 will include an additional 35 finished lots and 199 partially improved lots measuring approximately 60' x 110' each. Century Complete Homes will be acquiring the additional homesites in a phased takedown and plans to begin construction of model homes in Phase 2 immediately.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation's largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Greenville, South Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City; and Seattle, Washington

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