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Recent News


Hogan Sells Fort Meade Development to Koch Homes

Larry Hogan, President and CEO of the Hogan Companies, headquartered in Annapolis, Maryland, announced today that the company completed the sale of the Turnbury Run residential subdivision in Severn, Maryland.

The property, which is located on Disney Road east of Route 175 (Annapolis Road), was previously owned by the Zebron family and was purchased by an affiliated company of Koch Homes, one of the most highly regarded developers in Anne Arundel County. The new residential community will feature 37 single family homes on approximately 15 acres. Timothy Hogan, Executive Vice President of The Hogan Companies, handled all aspects of the transaction which sold for $3,405,000.00

“Our team here at The Hogan Companies decided to target our land owner outreach in this area of the county because there was good existing infrastructure in place including water, sewer, and roads.  We anticipated the residential housing demand created in this area by the Defense Base Closure and Realignment (BRAC) and the growth of Fort Meade as well as the proximity to mass transit and shopping,” Hogan said.

“Our long-time client, Koch Homes, recognized this opportunity and at great expense and effort over a six-year period, they now finally have approvals to build what will be a wonderful new community,” Hogan said.  The project represents another cooperative effort in The Hogan Companies' ongoing work with Koch Homes in the development of first class communities in Maryland.

Recently awarded a CoStar Power Broker Award for their 2011 transaction volume, The Hogan Companies is the leading land brokerage firm in the state of Maryland and has been involved in the sale of more than 35,000 acres of agricultural, commercial, industrial, mixed use and residential land throughout the Mid-Atlantic region.  The Hogan Companies represents numerous land owners, individuals, lenders and institutional sellers of land.


CONTACT: 

Victor White
Hogan Companies
2661 Riva Road
Annapolis, MD 21401 
410.266.5100

 


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