This reflects how interested we are in securing luxury sites in the Metroplex area to boost the future growth of the Company in the Dallas Division.
Horsham, PA (Vocus) April 21, 2010
On Monday, April 19, 2010, Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, closed on one of its largest land contracts in the Dallas/Ft.Worth area since entering the Texas market in 1995. Toll Brothers has been working with Rafael Palmeiro, former Major League Baseball player, in completing this successful transaction.
In the last year alone, Toll Brothers successfully purchased and opened Chateaus of Coppell; Kings Lake in Plano; Flower Mound Woods; Bridgewater Crossing, its newest luxury single-family patio home community in Richardson; and now Reserve at Colleyville, the home builder’s latest investment in the Dallas/Ft. Worth area.
“I am thrilled about the acquisition of this premier land opportunity in Colleyville and all other communities we have recently opened,” said Rob Paul, Dallas Division President. “This reflects how interested we are in securing luxury sites in the Metroplex area to boost the future growth of the Company in the Dallas Division,” he added.
The Reserve at Colleyville will open with 77 finished home sites ready to sell. The Company will soon announce when the community will open for pre-construction sales.
Toll Brothers also offers luxury homes at ten other communities in the Metroplex: Lexington at Twin Creeks in Allen, Saddleridge Estates in Allen, Chateaus of Coppell, Flower Mound Woods, Estes Park at Southlake, Johnson Place in Southlake, The Bluffs at Heritage in Keller, and luxury patio homes at Kings Lake in Plano, Bridgewater Crossing in Richardson, and Somerset at Twin Creeks in Allen with final home opportunities.
For more information, maps, and directions on Toll Brothers’ Dallas/Ft. Worth communities, please visit TollBrothers.com/Dallas.
Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL." The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates nationwide.
Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential, resort-style golf communities; and urban low-, mid-, and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.
Toll Brothers, a FORTUNE 1000 company, recently received the #1 ranking among home building companies in FORTUNE magazine's 2010 World's Most Admired Companies survey, and is honored to have won the three most coveted awards in the home building industry: America's Best Builder, the National Housing Quality Award, and National Builder of the Year. For more information, visit TollBrothers.com.
This is not an offering where prohibited by law.