Don Barrineau has big plans for Mattamy Homes in metro Phoenix.
The new Phoenix division president for the Canadian homebuilder said he has somewhere between 8,000 and 9,000 lots in play in the Valley in an effort to grow Mattamy’s footprint here.
“We’ve got a lot of stuff tied up and under contract,” said Barrineau, who left his 10-year position as president of the Alberta division for Mattamy Homes Canada earlier this year to grow the company’s presence in the Phoenix market.
Mattamy was the 24th largest Valley homebuilder based on 189 new homebuilder permits for the first half of 2021, according to RL Brown Housing Reports. The company’s headquarters are in Toronto, and its U.S. base of operations is in Orlando, Florida.
It also ranked as the 11th largest homebuilder based on 356 new home closings, said Jim Daniel, president of RL Brown Housing Reports.
Mattamy has 19 active subdivisions in metro Phoenix.
“They have had several land transactions so far in 2021 with a total of $47.95 million through July,” Daniel said.
Barrineau said he is negotiating on land deals throughout the Valley.
In May, Mattamy Homes paid $20.56 million for an 85-acre parcel in the San Tan Heights master-planned community in San Tan Valley, with plans to build 324 homes in a community to be called Pinnacle at San Tan Heights. Those homes are expected to be open for sale in late summer 2022.
In July, Mattamy paid $33 million for a 153-acre site called Empire Pointe in Queen Creek, where plans call for building 533 homes.
That deal represents Mattamy’s largest purchase in the past 10 years in Arizona and its largest in the U.S. in the past three years. That community is expected to open in October 2022.
Barrineu also is working on deals throughout the Valley.
“We have 4,270 lots under contract,” he said. “We have an additional 1,575 lots closed and coming to market soon.”
Of that, Mattamay has two deals under control totaling 429 lots in Peoria and four other deals under control totaling 2,282 lots in Surprise.
Expanding Scottsdale offices
As the company builds its presence in the Valley, Mattamy Homes is expanding its Scottsdale office space.
Under its new lease at The Corporate at Pima Center, Mattamy will expand its footprint to 15,904 square feet on the first floor of that building at 9200 E. Pima Center Parkway in Scottsdale.
The JLL (NYSE: JLL) team of John Pierson, Trevor Pratt and Lauren Lovell represented Mattamy in the lease expansion, while JLL’s team of John Bonnell, Brett Abramson, Chris Latvaaho and Chris Beall represented the building owner, City Office REIT.
“What we’re doing is taking on more space and consolidating,” Barrineau said. “We’ll be bigger and geared up for the next five years with that new lease.”
He said he hopes to move into the newly renovated space by the end of the year.
“Phoenix was a market I was always intrigued by,” said Barrineau. “When I was with Centex Homes in Texas, that was part of our region. I used to come out here quite a bit. It’s a cool market and I thought about maybe working in. You never know how the chips are going to fall over time.”
Barrineau’s wife has family in Sedona and Tucson, and it’s a quick flight back to Texas, where he spent most of his homebuilding career.
He replaces Harry Lourimore, who served as Phoenix division president for nearly five years before he left last November.
“He set out on his own,” Barrineau said of Lourimore. “He’s gotten romanced by the single-family residential market. Harry is working on single-family for rent deals currently. However, I believe his intent is to work in all aspects of real estate.”