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Hogan Companies Sells Clarksburg Residential Development

Larry Hogan, President and CEO of the Hogan Companies, headquartered in Annapolis, Maryland, announced today that the company has completed another notable land transaction, brokering the sale of a preliminarily planned residential development project in Clarksburg, MD. Garnkirk Farms consists of 18 single family lots and 190 townhouse lots located just off of Route 270 in Clarksburg. Hogan Companies Vice President Mike Sponseller represented purchaser Lennar / US Home Corporation and was the sole broker in this off-market transaction which sold for $16 million.
 
Sponseller said “The for-sale pipeline in Montgomery County continues to become increasingly sparse and this transaction allows Lennar to establish a strong position in a hotly contested marketplace.”
 
Larry Hogan added “The Hogan Companies is well known as Maryland's leading land firm, and our team takes pride in getting transactions closed for our clients in the most competitive markets, such as Montgomery County”.
 
Hogan Companies team is extremely active throughout the Washington - Baltimore region, and has closed transactions in nearly every jurisdiction in the State of Maryland. The Hogan Companies is a full service real estate brokerage, with a unique focus on land sales, adept in navigating the complex processes involved in successful real estate transactions. Over more than 25 years, the Hogan Companies has completed $2 billion in real estate transactions by bringing sellers and buyers together to create win-win scenarios.


CONTACT:
Mike Sponseller
Hogan Companies
2661 Riva Road
Annapolis, MD 21401
410.266.5100
 


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