Alliance Capital Acquires 12-Acre Development Site In Elkton Maryland For $6.5M

Alliance Capital acquired a 12-acre development site within Southfields of Elkton, a mixed-use development in Elkton, MD, for a transaction amount of $6,500,000. The site is part of a larger 630-acre project targeting diverse end-users through sales, leases, or development of pad sites.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,500,000
• Buyer: Alliance Capital
• Seller: Stonewall of Elkton, LLC
• Broker: Sean Langford - MacKenzie Commercial Real Estate Services
• Acres: 12
• Market: Elkton, MD

Sean Langford from MacKenzie Commercial Real Estate Services represented the buyer, Alliance Capital, in this transaction. The plans include the development of 13 pad sites within the mixed-use framework for various end-users, indicating a strategic approach to utilize the land efficiently.