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Hogan Companies Sells Land for Premiere Middletown Shopping Center

Timothy Hogan, President of the Hogan Companies, headquartered in Annapolis, Maryland, announced today that the company has completed the sale of 7 acres of commercially zoned land in the Town of Middletown, Maryland.  The property, located on Middletown Parkway, is approved for development as Cross Stone Commons, an upscale commercial shopping center project.
 
The purchaser, Middletown Valley Investment Partners, secured full approvals for the project and recently broke ground on construction of the shopping center. CVS Pharmacy will begin construction on their new Cross Stone Commons location shortly with an expected opening to be announced later this year.
 
Victor White, Chief Operating Officer and Broker for the firm, represented the purchaser in the acquisition and approvals process.  “My clients are very excited to begin construction on Cross Stone Commons,” said White. “This project is the result of years of hard work and collaboration between the developer and the Town of Middletown to ensure this project meets the quality of design that suits the area.”
 
Cross Stone Commons is approved for several retail buildings in addition to the CVS Pharmacy. The 10,800 square foot building at 200 Middletown Parkway is the first to be constructed, with an expected delivery date of early 2016.  Two pad sites along Middletown Parkway will accommodate additional buildings of approximately 4,500 and 7,000 square feet each.
 
The Hogan Companies are actively seeking tenants for all three buildings and are currently offering special pre-construction lease rates.  Interested parties can contact Victor White at 410-266-5100 for more information.
 
The Hogan Companies is a full service real estate brokerage and development consultant, with a unique focus on land and commercial 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.


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


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