Lennar has acquired a large tract of land in the Charleston, S.C. market. The Post and Courier reports:
Lennar bought the 6,300-acre Summers Corner tract near Summerville this week, paying an affiliate of paper giant WestRock Co. at least $26.1 million for the Dorchester County development, according to public land records.
The final amount could be a bit higher as the deeds for some smaller parcels are recorded, said Jason Byham, Lennar division president based in West Ashley. He declined to give the total amount paid for the site.
“We were interested in Summers Corner because it was set up as a beautiful community from the beginning,” Byham said.
“That area is in the path of growth and is in a place where families will build homes for the next several years and decades to come,” he said. “We love the Charleston market. We think we are going to be here for a long time, and we are going to see a lot of success in the future.”
