Madsen Property

Middletown
Completed in 1999, 10.5 acres

Mrs. Madsen’s property is adjacent to the Banfield property, located by the Middletown Railroad Station. In the beginning of 1999, Middletown was negotiating to purchase the Banfield property for use as a park and indoor recreational facility. At the same time, Mrs. Madsen was being offered a deal by a developer who wanted to build 100 condominiums on her property. MCF was very concerned that the property would be lost forever.

MCF met with Rose Madsen’s representative and started negotiations. Meanwhile, MCF spoke with the Middletown Township Committee to see if they were interested in purchasing the property. The Committee was very excited about the possibility of owning the adjacent lot to Banfield and asked MCF to continue its negotiations. Once an agreement had been reached MCF stepped out of the picture and the Township and Mrs. Madsen completed the deal.