From the Wires
Pope Resources Closes $3.3 Million Multi-Family Residential Land Sale
By: PR Newswire
Dec. 18, 2012 04:15 PM
POULSBO, Wash., Dec. 18, 2012 /PRNewswire/ -- Pope Resources (Nasdaq:POPE) announced that its subsidiary Olympic Property Group has closed on a $3.3 million sale of multi-family residential land in its Harbor Hill project to Landmark Development Group LLC. This 11.5-acre parcel is zoned for 172 multi-family units and represents approximately half the multi-family portion of the 244-acre project located in Gig Harbor, a suburb of Tacoma. "We are excited to have our first residential closing in this project since completing our development agreement in early 2011," said Jon Rose, President of Olympic Property Group. "We look forward to working with Landmark and believe their project will be a great addition to the Harbor Hill development."
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