Tim Verhey Jr Of Walters Group Purchases Development Site In Lansdale For $1.475M

An undeveloped 4.1-acre site located at 1500 Pennbrook Parkway in Upper Gwynedd, PA, was recently sold for $1,475,000. The property was acquired by Tim Verhey Jr from Walters Group for the purpose of constructing 60 apartments across several buildings.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $1,475,000
• Buyer: Tim Verhey Jr - Walters Group
• Buyer's Rep: Ted Hozza - Situs Properties
• Seller's Rep: Justin Bell - Newmark
• Address: 1500 Pennbrook Parkway
• Market: Lansdale, PA
• Asset Type: Development Site ~ ACRES: 4.1

Tim Verhey Jr, from Walters Group, finalized the purchase of the property with the assistance of Ted Hozza from Situs Properties. Representing the seller was Justin Bell from Newmark.