132-Acre Development Deal Closes In Indian River County

Jun 26, 2017 No Comments by

Hampton Jackson of Vero Beach-based Coldwell Banker Commercial Paradise announced that one of the largest Indian River County commercial land transactions in recent years closed this week: a 132-acre land development transaction.

Jackson represented the Buyer, DR Horton in the transaction.

The seller, Vero 258 LLC, was represented by Peter Brennan and Steven Liller.

The 132-acre site was one of the largest undeveloped parcels remaining in the South Corridor of Indian River County.

Coldwell Banker Commercial Paradise has been working closely with community redevelopment projects throughout the Treasure and Space Coast and is the exclusive real estate brokerage firm for both the City of Satellite Beach and the City of Fort Pierce, with Hampton Jackson serving as the City of Fort Pierce’s Realtor.

 

“We are honored to help DR Horton facilitate this important transaction. This development represents hundreds of new homes for Indian River County at a time when inventory is tight,” stated Jackson.

 

“This deal, and the new construction it represents, demonstrates that the current housing market has reached a healthy peak in Indian River County,” stated Coldwell Banker Paradise Co-Owner and Broker Steven Schlitt.

DR Horton is the nation’s largest builder, closing on over 30,000 homes in 2014, and has more than 300 communities underway in Florida, with at least nine underway in Indian River County.

 

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