FOR IMMEDIATE RELEASE
LAKELAND, FL (March 19, 2010)
After one week on the real estate market, this 113-lot development came to a transaction close in early February 2010. Sold by Fifth Third Bank to The Deltona Corporation, the property is part of the Heath Brook PUD/DRI and is one of the phases of the project with finished lots. Locatednear SR 200, this is a beautiful growing area of Ocala with new residential developments and beautiful horse farms.
Both the buyer and the seller were represented by sales associates of Coldwell Banker Commercial Saunders Real Estate. The buyer was represented by Clay Taylor and David Hitchcock. The seller was represented by Clay Taylor, David Hitchcock, and Dean Saunders. The property sold for $904,000.
Clay Taylor, sales associate states, “It is a sign of the economy that we are handling many bank-owned properties right now but it is good to get these properties back into the hands of individuals who will create viable development and use of the land for the community.”
Coldwell Banker Commercial Saunders Real Estate has Sales Associates covering the State of Florida and beyond. Known for their land deals, Coldwell Banker Commercial Saunders Real Estate Sales Associates are experts in land, conservation, commercial, and land and resource management. For more information, please visit www.saundersrealestate.com