284 +/- Acres of Ocala Development Land Closes for $2.839 MM by SVN Saunders Real Estate

FOR IMMEDIATE RELEASE (LAKELAND, FL March 14, 2012)Coldwell Banker Commercial Saunders Real Estate in Lakeland, FL, announces the recent sale of entitled lots development land located in Ocala, Florida.

The CBCSRE licensed real estate associates who handled the deal are Clay Taylor, ALC and David Hitchcock, ALC.

The 284 +/- acres along a vast I-75 frontage sold for $2,839,802 and includes 589 entitled lots. The property is part of the Heath Brook PUD/DRI, where phase IA and IB are completed with 213 finished lots. The 284 acres, which sold, are Phase II & III. The property is nestled among scenic neighboring horse farms and upscale single family developments.

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 $900 MM in sales from 1996 through 2011. 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.