Cushman & Wakefield Reports Multi-Million Dollar Land Deals

Sep 18, 2013 No Comments by

Cushman & Wakefield of Florida brokered three land deals in the Orlando region that will foster the development of either multifamily or mixed-use developments.

C&W’s Land Brokerage Services team of Senior Director Margery Johnson and Associate Andy Slowik facilitated the three transactions. Johnson and Slowik represented Flournoy Development in the purchase of a 17.5-acre parcel on International Drive South in Orlando. The site is slated to house Bristol Lakes, a four-story, 346-unit luxury multifamily community. The purchase price was $5.15 million or $14,884 per unit for the land. The seller, Fifth Third Bank, was represented by Paul Hoffman of Coldwell Banker Commercial NRT.

Johnson and Slowik also assisted Redus Florida Land, LLC in the $2.45-million sale of Venetian Isles, a vacant 49 net-acre parcel on East Dixie Avenue and South Lake Street in close proximity to the Leesburg Regional Medical Center. The buyer, TAC-FL Land Holdings, has plans for a mixed-use development consisting of assisted living, multi- and single-family residential, C&W officials state. Mike Nolen of Coldwell Banker NRT represented the TAC-FL.

In the third land deal, Johnson and Slowik represented Mark Turner and John Gray as trustees of a 10.9-gross-acre parcel on Mitchell Hammock Road in Oviedo. The buyer was Chuluota Homes and Mortgages LLC. No purchase price was released.

 

Source:  GlobeSt.

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Industry News, Multi-Family, NA
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