Levin Johnston Negotiates $20M Deal on 3.26-Acre Development in Santa Clara 381 307 Levin Johnston | Commercial Real Estate Advisors

Levin Johnston Negotiates $20M Deal on 3.26-Acre Development in Santa Clara

Developer Spends $20 Mil on 3.26-Acre Development Parcel in Santa Clara County

A local developer paid $20 mil for a 3.26-acre land parcel in Santa Clara County, on which the buyer plans to construct a townhome community. The land parcel is currently occupied by 54 vacant mobile home units and is entitled for new development. The developer plans to deliver 60 three-story for-sale townhouses on the land.

Adam Levin of Levin Johnston represented the buyer and the seller, a high-net worth individual, in the transaction.

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