Terralane at Park McDowell, LLC, purchased the ±15.7 Acre Park McDowell site located near 95th Ave & McDowell Rd, Phoenix, Arizona as part of an assignment transaction. The site is planned for 163 Single Family Detached “Build For Rent” Units | 10.38 DUA. The cash purchase price was $4,704,000 | $299,617/Acre | $6.87/sf | $28,858/Planned Unit. The Seller in this transaction was Hancock Communities, LLC. Hancock purchased the site from the City of Phoenix and assigned their interest to Terralane. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.