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Walton Global Acquires Residential Lots in Pennsylvania
Walton Global has acquired 82 residential lots just outside of Downingtown in the Philadelphia Metropolitan Statistical Area.
Situated within the existing Mi-Place at Downingtown community, a 56-acre development featuring multifamily residences and rental townhomes, the newly added 82 lots will introduce for-sale townhomes and expand homeownership options on site.
“Demand continues to rise for attainable homeownership around Philadelphia, and this acquisition demonstrates our commitment to aligning with homebuilders in areas supported by strong market fundamentals,” said Barry Dluzen, Executive Vice President, Real Estate for Walton Global. “The location, existing community and access to nearby employers make Mi-Place a compelling location for future residents.”
Positioned along Highway 30 and served by regional rail, Mi-Place provides convenient access to downtown Philadelphia. The community benefits from its proximity to surrounding healthcare systems, educational institutions such as West Chester University, and major retail clusters, including the King of Prussia Mall.
