MGL Partners gained control, via a long-term purchase option, of a 2.6-acre parcel situated one block from a future light rail station, anticipating that the property would quickly benefit from a new high-density, mixed-use transit zoning overlay being prepared by the City of Lakewood.

Within 18 months of securing control of the property, the overlay was finalized and MGL Partners sold the property at approximately four times its total investment.

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