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Hogan Companies Sell Commercial Parcel Near Arundel Mills Casino

Larry Hogan, President and CEO of The Hogan Companies, headquartered in Annapolis, Maryland, announced today that the company recently completed the sale of a 1.77 acre parcel of raw land in Anne Arundel County.

Located near the intersection of Arundel Mills Boulevard along Dorsey Road in Hanover, Maryland, the property is one of several recently sold by The Hogan Companies’ Land Brokerage Team in Anne Arundel County. The Hogan Companies also previously sold approximately 4 acres in an assemblage in this same block to a partnership headed by Gary Koch.

The property, zoned C-2, is in close proximity to Arundel Mills Mall which is the location of Maryland Live!, a 4,750-machine slots and table game casino.

Providing convenient access to Baltimore/Washington International Thurgood Marshall Airport as well as the Fort George G. Meade military base, this area of Anne Arundel County has also been a focal point of activity for several multifamily projects.

Across Arundel Mills Boulevard from the Dorsey Road property, Questar Properties recently purchased a 25-acre site where it intends to build 570 luxury apartment units. Further down Arundel Mills Boulevard, Southern Management and Somerset Construction recently opened their latest apartment project, The Residences at Arundel Preserve, a 242-unit luxury mixed-use apartment community.

“When you consider the influx of jobs and activity coming into this particular area of the County due to BRAC and the slots casino, any property with good visibility, zoning, and access to infrastructure will garner serious interest from buyers even in today’s real estate climate” said Hogan Companies’ Chief Operating Officer, Victor White, who represented the owners of the Dorsey Road property. The property was purchased by a local investor.

The Hogan Companies is the leading land brokerage firm in Maryland and represents numerous land owners, individuals, lenders and institutional sellers of land.
 


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


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