A national homebuilder paid almost $20 million for land in two Anne Arundel County locations that are both approved for development, a local land brokerage said Monday.
The Annapolis-based Hogan Cos. said it represented builder D.R. Horton in the purchase last week from Koch Development. It was the biggest acquisition of unimproved land in Anne Arundel this year, Hogan said.
D.R. Horton could not be reached for comment.
Hogan said the builder bought Canterbury Village, 130 lots off Jones Station Road in Arnold, and Millstone Village, 116 lots between Reece Road and Loving Road in Severn. Both are a mix of townhouse and single-family lots.
Millstone Village, near Fort Meade, is close to another D.R. Horton project called Jennifer Meadows. Builders hoping to capitalize on growth at the military base are working on both rental and for-sale projects in the area.
twitter.com/RealEstateWonkCopyright © 2015, The Baltimore Sun