ATLANTA-Dallas-based Centex Homes Corp., one of the largest homebuilding and financial services firms in the United States and headed by Laurence Hirsch, expects to close Nov. 21 on the acquisition of a 9.5-acre tract in suburban Alpharetta, GA from locally based Roberts Realty Investors Inc.
Centex has contracted to buy the dirt for about $3.2 million or $7.73 per sf. The site is on East Fox Court, across from Roberts' Addison Place apartment community.
In a prepared statement, Roberts CEO Charles S. Roberts estimates the sales price “will produce a profit of just over $1.5 million or 21 cents per share.” He says Centex has completed its due diligence and has escrowed a non-refundable deposit of $150,000.
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