230 +/- Citrus Grove Acres Sold in Polk County for a Combined $2MIL

Lakeland, Florida (March 11, 2011)– Dean Saunders, ALC, CCIM, land broker and owner of Coldwell Banker Commercial Saunders Real Estate in Lakeland, FL, announces two recent transactions for citrus groves sold in Polk County for a combined $2,015,000 .

The 163-acre Dundee, Florida grove was sold for $1,475,000. The seller was represented byBrian Beasley, CCA, CNLM and Dean Saunders, ALC, CCIM.

A 67-acre grove located in Lake Wales, Florida was sold for $540,000. The buyer was represented by James F. Clements, ALC and the seller was represented by Richard Dempsey, ALC.

“Demand for citrus groves remains strong. The citrus industry continues to face adversity from a variety of sources, however fruit prices have increased over the past several seasons, and the expectation is that they will remain at or above current levels for some time. As a result, good-producing groves are commanding premium prices,” states Dempsey.

CBC Saunders Real Estate is known statewide as an authority and resource for Florida land and conservation. The firm specializes in conservation, agribusiness, ranch, citrus, farmland, and large acreages, as well as land and resource management.

Recently included in the “America’s Best Brokerages” list distributed by The Land Report, CBC Saunders Real Estate joins only 55 land brokerage firms nationwide and is a Coldwell Banker Commercial affiliate global network top brokerage. For more information, please visitwww.saundersrealestate.com or call 863-648-1528.