Northmarq’s Newport Beach investment sales team delivers sale of Glencrest in Slatington, Pennsylvania

Glencrest
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NEWPORT BEACH, CALIFORNIA (February 8, 2022) – Shane Shafer, managing director, Quinn Breslin, associate, and David Hulme, associate in Northmarq’s Newport Beach investment sales office collaborated to arrange sale of Glencrest. The 272-unit manufactured home park is located at 6000 Glencrest Road in Slatington, Pennsylvania. 

The property offers numerous amenities, including: Playground, basketball court, tennis courts, RV/trailer storage, water/sewer/trash included, snow-plowed streets, and a pet-friendly policy. Commuters benefit from the parks close proximity to the PA turnpike, as well as being just a 15-minute drive from Allenton and Route 22. The park consists of a mix of both new and older single and doublewide homes. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.