Colliers Int’l. reps. seller in land site purchase totaling $1.8m

April 25, 2016

 

Glen Mills, PA — Colliers International represented Wynnewood Development, Inc. in the sale of four acres of land at Brinton Lake Corporate Center in Glen Mills. The site was sold for $1.8 million to an affiliate of Hawthorn Development, LLC of Vancouver, WA. Hawthorn plans to build a 142 suite retirement residence with an opening date of 2017. The independent living facility will cater to seniors looking for an all-inclusive lifestyle. The monthly rental fee includes three meals a day, transportation, and activities among other amenities. The community will feature a dining room, bistro, theater, fitness center, and salon.Richard Weitzman of Colliers International represented the seller, Wynnewood Development, in this transaction.

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