Standard Pacific Homes pays $25 million for Wiregrass land

BUYER: Standard Pacific of Florida, Tampa
SELLER: Sierra BBD Property LLC
PROPERTY: a portion of County Road 581 and including a portion of the proposed Porter Boulevard, New Tampa
PRICE: $24.95 million
PREVIOUS PRICE: $5 million, December 2009 (included additional parcels)
LAW FIRM ON DEED: Foley & Lardner LLP, Tampa

PLANS, DESCRIPTION: Standard Pacific Homes purchased 675 acres of land in Wiregrass from Sierra Properties for $24.95 million.

The price equated to $36,963 per acre.