Jason Wang Panoptic Development Acquires Development Site In Pasadena For $4.75M

An undeveloped property located at 417-419 N. Madison Ave in Pasadena has been sold for $4,750,000. The property, which spans 31,488 square feet, is designated as a development site. This sale was facilitated by Casey Picard, a broker representing the buyer in the transaction.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,750,000
• Square Footage: 31,488
• Address: 417-419 N. Madison Ave
• Market: Pasadena

Jackson Wang, from Panoptic Development, purchased the property from the seller, Joshua Bunton, who represented Gemstone Partners in the deal. It should be noted that this development site was sold with conceptual design review approval for 35 units.