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

FOR IMMEDIATE RELEASE

Photo of Fred Saunders

Fred Saunders

LAKELAND, FL March 12, 2014 – Coldwell Banker Commercial Saunders Real Estate (CBCSRE) announced 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 CBCSRE, 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 (CBCSRE) is regarded as an authority on all types of Florida land and conservation easements, transacting over $1 billion in sales from 1996 through 2013. Offering land, forestry, and conservation easement real estate services through CBC Saunders Real Estate and the CBC Saunders Real Estate |Forestry Group, the Saunders team of land professionals and foresters offers advisory and transactional services through the home office in Lakeland, FL, the North Florida office in High Springs, FL, and its network of Coldwell Banker Commercial affiliate offices nationwide and worldwide. We provide services to land and commercial clients through both CBCSRE and our commercial real estate brokerage, Coldwell Banker Commercial Saunders Ralston Dantzler Realty.