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Mormon Church sells Arizona land to homebuilder

Mattamy Homes bought 37 acres belonging to the Church of Jesus Christ of Latter-day Saints in the East Valley for $13.64 million.

The land is at Pecos Road and Hartford Street in Chandler.

Land Advisors Organization brokered the deal between Mattamy Arizona LLC and the seller, Property Reserve Inc., a real estate arm of the Church of Jesus Christ of Latter-day Saints.

The land is not developed and is called Haven. It is zoned for 283 single-family homes.

Land Advisors Bret Rinehart, Ben Heglie and Ryan Semro represented Canada-based Mattamy.

Mattamy has a number of other residential developments in the Phoenix market.

The LDS Church is a big real estate and landowner in the Phoenix region with holdings in both the East and West Valley.