Developer Plans to Build Apartment/Condo Complex

By Tammy Kelly | March 31, 2010

Franklin Realty Development Corp. purchased nearly 40 acres of raw land off of Willowbrook Road in Northampton, PA, from The Atlantic Cos. LLC for $3.85 million, or about $97,200 per acre.

The property includes 27 parcels in Allen Township. Franklin Realty Development has plans for an 18-building, 216-unit multifamily or condo community.

Jeff Williams of Cushman & Wakefield of Pennsylvania represented the seller, as well as the buyer.

Please refer to CoStar COMPS #1877355 for more information on this transaction.