Atco Dragway Enterprises - Leonard Capone Jr. Sells 90-Acre Land To Black Horse LLC For $12M

A portion of the Atco Dragway in South Jersey was recently sold, with Black Horse LLC acquiring 90 acres of the 180-acre property for $12 million. The sale took place in July, however, the buyer's identity remains unknown. This transaction raises questions about the future of the historic drag strip, as no plans for the land have been revealed.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $12,000,000
• Address: 1000 Jackson Road
• Market: Atco
• Buyer: Black Horse LLC - David A. Alger
• Seller: Atco Dragway Enterprises - Leonard Capone Jr.

The sale of the Atco Dragway involved two key entities. On the buyer's side, Black Horse LLC, represented by David A. Alger, made the acquisition. On the seller's side, Atco Dragway Enterprises, represented by Leonard Capone Jr., facilitated the sale. This transaction marks a significant development in the history of the drag strip, as it now faces an uncertain future with the change in ownership.