164 +/- Acre Producing Citrus Grove in South Polk County Sells for $1.2 Mil by CBC Saunders Real Estate

FOR IMMEDIATE RELEASE (LAKELAND, FL July 7, 2011) – Coldwell Banker Commercial Saunders Real Estate(CBCSRE) in Lakeland, FL, announces the recent sale of 164  +/- acres in Bowling Green, FL, in South Polk County. The property is a producing citrus grove and was on the market for approximately 15 months. The grove sold for $1,215,000.

The CBCSRE licensed real estate sales associate who handled the deal was John Evans, Realtor®, who represented the seller.

The new owners of the grove will continue citrus production. The grove’s production numbers are expected to increase exponentiallyover the next few years from the 128 +/- acres of Hamlins, 20 +/- acres Valencias, and 16 +/- acres Sunburst.

“The citrus grove market is very active today, partly because the price of fruit has gone up. People are looking for good producing groves, as well as groves that are dilapidated and poised for a rehab, where they can get a bargain price. Groves in the path of progress are even more lucrative because one can make money from the citrus production today, but be ready for development options in the future,” Evans added. John Evans can be contacted at 863-648-1528 or john@saundersrealestate.com.

About Coldwell Banker Commercial Saunders Real Estate

Coldwell Banker Commercial Saunders Real Estate is regarded as an authority on all types of Florida land, transacting nearly $1 Billion in sales from 1996 to 2010 and over $750 Million in sales from 2004 to 2010. The Saunders team of land real estate professionals offers advisory and transactional services through its home office in Lakeland, FL and its network of Coldwell Banker Commercial affiliate offices nationwide and worldwide.

CBC Saunders Real Estate offers a broad range of servicesto meet the real estate needs of landowners. Through long-held relationships with key government and industry decision makers, the firm provides consulting on government issues both locally and on state and national levels. For more information, please visit www.saundersrealestate.com.