Tim Verhey Jr Of Walters Group Purchases Development Site In Lansdale For $1.475M | 1500 Pennbrook Parkway | Ted Hozza, Justin Bell | Development Site | Sale

Summary

Sale

PENNSYLVANIA

Development Site

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.

Players

All
4

Agents
2
Agencies
2

Ted Hozza

Vice President

$1.5M Sold

Justin Bell

Senior Managing Director

$9.2M Sold

Situs Properties

Newmark

Details

Deal Summary

SOLD

IMAGE: Tim Verhey Jr, Ted Hozza & Justin Bell DATE: 02/19/2024 ADDRESS: 1500 Pennbrook Parkway MARKET: Lansdale, PA ASSET TYPE: Development Site ~ ACRES: 4.1 BUYER: Tim Verhey Jr - Walters Group BUYER'S REP: Ted Hozza - Situs Properties SELLER'S REP: Justin Bell - Newmark SALE PRICE: $1,475,000 NOTE: Walters Group, based in Barnegat, New Jersey, purchased a 4.1-acre undeveloped site at 1500 Pennbrook Parkway in Upper Gwynedd for $1.475 million, intending to construct 60 apartments across several buildings.

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Address1500 Pennbrook Parkway

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