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August 21, 2018
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SummerHill Homes Pays $13 Mil/Acre for Mountain View Dev Site

8/09/18

SummerHill Homes paid $22.5 mil for a 1.72-acre land parcel in Mountain View. The land parcel is located near the intersection of West Middlefield Rd and Rengstorff Ave in Mountain View, in close proximity to the Google headquarters. The buyer plans to develop 40 new for-sale townhomes on the land.

Adam Levin with Levin Johnston represented the buyer and the seller, a private high net worth investor, as well as the buyer, California-based SummerHill Homes, in the transaction. According to Levin, the sale represents a record high price-per-acre ($13 mil/acre) in the Silicon Valley.




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