NAI Mertz’s Lashner & Licht negotiate sale of 4.45-acres
Lower Moreland Twp., PA — NAI Mertz announced the sale of a 4.45-acre land parcel on behalf of First Baptist Church of Huntingdon Valley. The property was sold to Artis Senior Living, which plans to develop a 72-bed memory care assisted living residence that will specialize in the care and treatment of individuals suffering from Alzheimer’s disease and other forms of dementia. The sale price was
The NAI Mertz team of Jeffery Licht, SIOR, senior vice president and Adam Lashner, vice president, represented First Baptist Church of Huntingdon Valley in the sale. This is the second time NAI Mertz negotiated the sale of the 4.45-acre parcel.
“We first sold this site to First Baptist Church of Huntingdon Valley in June 2004 to accommodate its proposed expansion,” said Licht. “Unfortunately, their dreams to build a new facility on the site never materialized, even though approvals were obtained to construct a 12,000 s/f state-of–the-art house of worship. After receipt of final approvals, the timing was not right for the church, but I believe good things eventually come to good people, and I am confident that their dreams will one day come true,” he added.
Pastor Petty of First Baptist Church of Huntingdon Valley is glad the land will be used for a facility that will contribute to the betterment of the community. “Although the church was not able to build an edifice in the Huntingdon Valley community, we are happy the facility proposed by Artis Senior Living will be one that helps Alzheimer’s patients and their families, as more and more people suffer with this affliction every day,” said Pastor Petty.
Groundbreaking for the 72-bed community is anticipated early this summer and will mark the company’s fourth Artis community under construction or in operation. Artis Senior Living of Lower Moreland will join future communities in Evesham Twp., NJ, and Boca Raton, FL; as well as an existing community in Mason, OH.