The Parkfield property, which represents the largest land salenear DIA in several years, is bordered by Pena Blvd., E. 48th and56th Aves. and Chambers Rd. The entire parcel is zoned for morethan 2,000 houses and 6.3 million sf of commercial space.
The buyer has formed the Parkfield Property LLC to act as owner.Demand is such that the group immediately recouped $784,000 byselling 50 acres to Engle homes, which plans to spend $1.1 millionon infrastructure improvements. In addition, Del West, a local homebuilder will close in December on 65 acres, paying $5 million forthe tract.
Stew Mosko, one of the city's top land brokers with Fuller andCo., and Mike Kboudi have handled the transactions with ParkfieldProperty LLC, Engle and Del West. They also are the listing agentsfor the balance of the land.
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