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Northmarq brokers sale of two Eastern Pennsylvania manufactured housing communities
Stacy Wescoe//August 13, 2024
Birch Knoll was one of two properties recently sold. PHOTO/NORTHMARQ
Northmarq brokers sale of two Eastern Pennsylvania manufactured housing communities
Stacy Wescoe//August 13, 2024//
Anthony Pino, associate broker of Manufactured Housing Investment Sales, and Ari Azarbarzin, senior vice president in Northmarq‘s Baltimore office, have completed the sale of Birch Knoll and Saucon Valley Crossing, two manufactured housing communities in Pennsylvania totaling 163 lots.
Birch Knoll features 92 lots located at 130 South Pine Street in Hazleton. The community was built in 1989.
Pino and Azarbarzin represented the seller of both sites, ME Management of State College.
The buyer and the sale price were not disclosed.
“Saucon Valley Crossing and Birch Knoll are two high-quality manufactured housing communities that have provided much-needed affordable housing in the Eastern Pennsylvania region for decades,” said Pino. “ME Management has done an excellent job managing and improving the communities over more than a decade. We are confident that the new owners will build upon the legacy of the previous owners and serve as excellent stewards of the communities.”
Saucon Valley Crossing is located at 5002 Route 309 in Center Valley and offers single and double lots. The 71-lot manufactured housing community was built in 1947.
The Lehigh Valley metropolitan statistical area was recently ranked the fastest-growing region in Pennsylvania for inbound migration among millennials. The region also ranked in the top four percent nationally for total inbound migration. The area was ranked second in the country among mid-sized markets — encompassing those with a population between 200,000 and one million — by Site Selection magazine for economic development projects announced or completed in 2022.
