505 +/- Acres in Hendry County Sold for $3.75 Million by Coldwell Banker Commercial Saunders Real Estate

FOR IMMEDIATE RELEASE (LAKELAND, FL – March 12, 2014) Coldwell Banker Commercial Saunders Real Estate in Lakeland, FL (CBCSRE) announces the recent sale of two citrus groves totaling 505 +/- acres closing for $3,750,000. The operating citrus groves are located in LaBelle, Florida in Hendry County. Fred Saunders, from Coldwell Banker Commercial Saunders Real Estate, represented both the seller and the buyer.

The two groves, known as Southern Belle Grove and South Glades Grove, are currently operating citrus groves. Southern Belle Grove has been in operation since 1964 and South Glades Grove has been in operation since 1984. Both groves have only produced Valencia Oranges.

The new owners intend to continue the grove operation.

Saunders is a 55-year veteran of the citrus industry. He is the long-time Citrus Production Manager for RD Keene Trust and a grove care consultant. He has decades of experience working closely with citrus and blueberry growers. For eight years, Saunders served as the appointee to the Florida State Committee of the Farms Services Agency (USDA).

He currently specializes in, citrus groves, agricultural and horticultural properties in Central Florida.

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 over $1 billion in sales from 1996 through 2013. Expanded in 2013 adding the CBC Saunders Real Estate | Forestry Group with advanced timberland expertise, the Saunders team of foresters and land real estate professionals offers advisory and transactional services through the 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 services to meet the real estate needs of Florida 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 SaundersRealEstate.com.

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