2,156 +/- Acre Hendry County Grove Closes for $16,925 Mil by CBC Saunders Real Estate

FOR IMMEDIATE RELEASE (LAKELAND, FL October 20, 2011)Coldwell Banker Commercial Saunders Real Estate (CBCSRE) in Lakeland, FL, announces the recent closing of 2,156 +/- acres located east of LaBelle in Hendry County Florida for $16,925,000. The CBCSRE licensed real estate broker associate who handled the deal was Brian Beasley, CCA, CNLM.

The Seminole Grove property is a high-producing citrus grove originally developed in 1997 using up-to-date agricultural engineering. The citrus trees in the grove are Florida Department of Agriculture, Division of Plant Industry Registered/ Certified Scions and Rootstocks selected for their high productivity and disease resistance. Varieties include Early Mids and Valencias. The sale included a two-year transferable fruit contract.

The new owners of the grove will continue citrus production.

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 services to 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.