$562 Million Sale Closed on More than 380,000 Acres of North Florida Timberland

Coldwell Banker Commercial Saunders Real Estate Announces Closing Of Historic Florida Land Purchase

Jack Vogel

Jack Vogel

Photo of Dean Saunders, ALC CCIM

Dean Saunders, ALC, CCIM

LAKELAND, Fla., March 6, 2014 /PRNewswire/ — A $562 million land purchase, one of Florida’s largest in recent history, was closed today, announced Dean Saunders, ALC, CCIM, CEO of Coldwell Banker Commercial Saunders Real Estate (CBCSRE) in Lakeland, Florida.

Dean Saunders, ALC, CCIM and Jack Vogel represented the buyer, AgReserves, Inc. The seller, The St. Joe Company, was represented by TAP Advisors.

“This transaction between two of Florida’s largest and most committed land stewards is a meaningful reminder of the economic and ecological value of agriculture in our state,” said Commissioner of Agriculture, Adam Putnam. “The acquisition by AgReserves, Inc. of more than 380,000 acres in North Florida from The St. Joe Company reflects a long term investment in the state’s timber and cattle industries.”

CBCSRE is the state’s premier broker of large agricultural, timber, and conservation land transactions. Every year, Florida land value data is delivered in Saunders’ “Market Report,” a comprehensive analysis presented at the firm’s annual Lay of the Land Conference. This year’s conference, 2014’s premier, invitation-only land values event for major Florida landowners, buyers and developers, will be held on April 4th at the Streamsong Resort, 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.