The Parkfield property, which represents the largest land sale near DIA in several years, is bordered by Pena Blvd., E. 48th and 56th Aves. and Chambers Rd. The entire parcel is zoned for more than 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 by selling 50 acres to Engle homes, which plans to spend $1.1 million on infrastructure improvements. In addition, Del West, a local home builder will close in December on 65 acres, paying $5 million for the tract.
Stew Mosko, one of the city's top land brokers with Fuller and Co., and Mike Kboudi have handled the transactions with Parkfield Property LLC, Engle and Del West. They also are the listing agents for the balance of the land.
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