MALVERN, PA—Dallas, TX-based Trammell Crow Co.has sold approximately 150 acres of land at its AtwaterCorporate Center here for $35.5 million.

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Naples, FL-based Reiser Land Developmentacquired the land on the south side of the Atwater Corporate Centerand has since sold 13 acres to Johnson Developmentof Spartanburg, SC for $12.5 million, according to the PhiladelphiaBusiness Journal. Johnson Development is looking to build a300-unit apartment complex at the site. In addition, NVHomes has 122 acres under contract and has presented plansthat call for a single-family and townhome project there.

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Meanwhile the north side of the Atwater property that is stillowned by Trammel Crow could see up to 555,000 square feet of newoffice construction, according to Jeff Goggins,senior managing director at Trammell Crow. The buildings couldrange in size from 50,000 square feet to 250,000 square feet.

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“What is exciting for us is this mixed-use component issomething we have been working on for the last four years and itmade the office portion of the development even more attractive andvaluable,” he says. See story in the Philadelphia Business Journal.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.