6-22-12

22A — June 22 - July 12, 2012 — Owners, Developers & Managers — Mid Atlantic Real Estate Journal

www.marejournal.com O WNERS , D EVELOPERS & M ANAGERS Talone, MacLaren and Townsend secure buyer Marcus & Millichap arranges $1.6 million sale of 30 unit apt. P HILADELPHIA, PA — Marcus & Millichap Real Estate Investment

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Services announced the sale of Brockton Court, a 30 unit apartment property. The as- set commanded a sales price of $1,612,500. Clarke Talone, Ridge Ma- cLaren, andAndrewTownsend, investment specialists in Mar- cus & Millichap’s Philadel- phia office had the listing to market the property on behalf of the seller, a limited part- nership. The buyer was also secured by Ridge MacLaren, Clarke Talone, and Andrew Townsend. ■ MARYLAND: The Dolben Company, (“Dolben”), continues to expand its portfolio in Mary- land, with 1,400 newmultifam- ily units under construction. New communities include: • The View at Mill Run (Owings Mills; 375 units) • The Village at Odenton Sta- tion (Odenton; 235 units and 57,995 s/f retail) • Charlestown Crossing (North East; 332 units) • The Marketplace at Fells Point (Baltimore; 159 units and 26,000 s/f retail) • Howard Square (Elkridge;

Brockton Court

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The Dolben Company builds 1,400 multifamily units

BUILDING INTERIORS AUGUST 31 ST ISSUE deadline August 22 HEALTH CARE SEPTEMBER 28 TH ISSUE deadline September 19 TH TH

The Village at Odenton Station

299 units) Andrew Dolben, senior VP, development, said, “We are very pleased to continue our growth in the Mid-Atlantic region. The greater Baltimore

area is an ideal market for multifamily, with an ongoing demand for quality apartment living enhanced in part by the thousands of jobs being created under the BRAC initiative.” ■

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