Malik and Newton of Marcus & Millichap represent buyer in 14.7 acres sale in Mechanicsburg
MECHANICSBURG, PA — Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 121 Presbyterian Dr., 14.7 acres of land zoned for residential development in Mechanicsburg. The land sold for $815,000. Fahd Malik, associate, and Dana Newton, first vice president investments, in Marcus & Millichap’s Philadelphia office, had the listing to market the property on behalf of the seller, a developer. The pair also represented the buyer, a developer.
“The Central PA multifamily market continues to show strength as developers steadily add new projects to their construction pipeline,” said Malik. “The buyer saw the potential to build much-desired townhome style units on the site.”