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Hogan Sells Washington Metro Area Megaproject

Hogan Companies Complete Largest Land Transaction in Prince George’s County in Years 

Larry Hogan, President and CEO of the Hogan Companies, announced today that the company completed the sale of the Smith Home Farm, a 759 acre development located on Pennsylvania Avenue in Upper Marlboro, Prince George’s County, Maryland.

Less than a mile from the Capital Beltway, the project is a planned mixed-use community that has preliminary plan of subdivision approval for 3,648 residential units in a mix of product types, as well as 170,000 square feet of commercial space.

The project is part of the overall Westphalia Sector Plan, envisioning the development of a unified, master-planned community focused on a high-density, transit, and pedestrian-oriented urban town center. The seller, DASC, LLC, will be retaining a portion of the northeast commercial and residential component consisting of approximately 113 acres.

Kevin Setzer, the company’s Vice President of Land, was responsible for the entire transaction working on behalf of the buyer, an undisclosed investment group.

“It is a testament to the skill and perseverance of our team to close a transaction of this magnitude under these market conditions.” said Hogan Companies President, Larry Hogan. He added, “Recently we have been closing a number of large transactions across the state, which is a positive sign that the market may finally be turning around.”

The Hogan Companies also completed the sale of two other large Prince George’s County developments: Renard Lakes, a 393-lot subdivision in Brandywine and Potomac Chase, a 271-lot subdivision in Accokeek. Just last week, the company announced their sale of The Residences at River Marsh, a 357 unit, waterfront golf course community at the Hyatt Regency Cambridge Resort on the Eastern Shore.

The Hogan Companies was founded in Prince George’s County by Larry Hogan 25 years ago and is currently headquartered in Annapolis, MD. As the leading land brokerage firm in the state of Maryland, the Hogan Companies have been involved in the sale of more than 40,000 residential lots and 35,000 acres of agricultural, commercial, industrial, mixed-use and residential land throughout the Mid-Atlantic region.

 
CONTACT:
Kevin Setzer
Vice President - Land
Hogan Companies
2661 Riva Road
Annapolis, MD 21401
410.266.5100 


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