California firm buys large parcel in Auburn

San Jose, Calif. based-company has purchased a 134-lot, single-family parcel in Auburn.

San Jose, Calif. based-company has purchased a 134-lot, single-family parcel in Auburn.

Union Community Partners, which buys real estate and provides liquidity to developers and home builders, paid slightly more than $7.5 million two weeks ago for the parcel, which abuts a residential neighborhood near South 340th Street and 55th Avenue South, southwest of the SuperMall and south of Peasley Canyon Road.

The purchase represents the Bay-area company’s first acquisition in the Puget Sound-area.