Lennar snags land in Hillsborough

Lennar Corp. invested $17.5 million late last month to acquire a 273-acre tract in southern Hillsborough County, one of the largest land deals of the past year in the Tampa and St. Petersburg submarket.

The Miami-based homebuilder plans to develop some 850 single-family homes on the site, which is bounded by Interstate 75 and 19th Avenue and is near Amazon's 1 million-square-foot fulfillment center, in Ruskin.

The property had been owned since 1994 by Cypress Creek Land Corp., which bought the tract from the Federal Deposit Insurance Corp.