Aug. 22—A South Carolina-based developer acquired a 745-acre tract of land at I-95's Exit 42 for a mixed residential and commercial project, including upwards of 2,301 residences and 405,000 square feet of commercial space.

Hoyer Investment Co. bought the land for $11.5 million and tapped D.R. Horton as the homebuilder, according to a press release from the company. The Atlanta office of Land Advisors Organization brokered the deal.

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