U.S. homebuilder Lennar Corporation acquired 70.12 acres at 19120 Dodd Blvd. in Lakeville, MN from Shamrock Development, Inc. for $4.22 million, or about $60,000 per acre.

The residential land tract is lcoated in the Dakota County Outlying submarket of Minneapolis/St. Paul. The site has been approved for 144 single-family homes, though construction is not expected to start until late 2015 or early 2016.

Both parties handled the direct sale…

from Minneapolis Commercial Real Estate News From CoStar Group http://ift.tt/1jg2hD1
via IFTTT