Terrabrook Buys 8,000-Acre Conner Ranch for Estimated $87 Mil

TAMPA, FL-Dallas-based Terrabrook Inc. plans to develop the largest master-planned community in the Tampa Bay area in the last 15 years on 8,000 acres the Texas firm has purchased from Conner Land Ltd.

Terrabrook officials couldn’t be reached at GlobeSt.com’s publication deadline to learn the price of the Conner Ranch. But area brokers familiar with the central Pasco County market tell GlobeSt.com on condition of anonymity the dirt has an estimated market value of at least 25 cents per sf or $10,890 per acre.

That would put the land deal at about $87 million and make it one of the largest land acquisitions in Central Florida in the last decade.