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Article: Fraser Forbes Real Estate Services Announces the Closing of a $14.6 Million Transaction for a Video Lottery Terminal Facility in Perryville, MD.
- Article from:
- Real Estate Weekly News
- Article date:
- November 6, 2009
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Fraser Forbes Real Estate Services, a fullservice real estate firm in Washington, DC, announced that Penn Cecil Maryland, Inc., a wholly-owned subsidiary of Penn National Gaming, who has been selected by the Maryland Video Lottery Location Commission to develop and manage a video lottery terminal (VLT) facility in Cecil County, purchased approximately 36 acres of land located in Perryville, from Principio Iron Company L.P for $14.6 Million. Fraser Forbes agent Steve Efantis and CEO Rich Samit represented the buyer. Penn National plans to commence construction of a $97.5 million Hollywood-themed facility, inclusive of licensing fees, with 75,000 square feet of ...