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Hogan Companies Sell Severn Properties to Local Developer

 

Larry Hogan, President and CEO of The Hogan Companies, headquartered in Annapolis, Maryland, announced today that the company recently completed the sale of two properties in Severn, Maryland on Quarterfield Road.

The Handschuh and Happel properties, along with a smaller two-acre tract have been combined to form what will comprise a subdivision of 77 single family lots on approximately 70 acres.

Timothy Hogan, Executive VP of the Hogan Companies, worked with Koch Associates, one of the most highly regarded developers in Anne Arundel County, to complete the transactions on these properties.

“Our Hogan Companies team decided to target our land owner outreach to this area of the county based on the fact that there was existing infrastructure in place such as water, sewer, roads as well as demand drivers like BRAC and proximity to mass transit” said Hogan.

He added, “Koch recognized this opportunity and tirelessly carried the ball forward at great expense and effort. Now, more than six years since our first meeting, a great development is approved and to settlement.” The project will become a new home community known as Brookwood Run.

The Hogan Companies is the leading land firm in Maryland. Koch Associates is a well-respected Anne Arundel County-based development and home building firm. Both companies are headquartered in Annapolis.

The project is just the latest transaction in The Hogan Companies' ongoing work together with Koch Associates in the development of first class communities in Maryland.



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


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