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ATLANTA-Mt. Pleasant LLC has purchased a 462-acre tract in Covington, GA and is searching for a developer to turn the dirt into a residential community.

The buyer paid Atlanta Suburbia $5.5 million or $11,905 per acre (27 cents per sf). Advantis Real Estate Services Co. of Atlanta represented the seller.

“This land sale is extremely positive for the future growth of Newton County,” Mark Hollan, executive director/investment sales, Advantis, says in a prepared statement. “The buyer is from the area and really cares about the proposed development and its positive impact on enhancing the community.”

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