Arvida expects to close by year end on a 160-acre purchase from Disney's Celebration Co. in one of the biggest land deals of the decade.
Arvida is buying the dirt for an estimated $320 million or $2 million per acre ($45.91 per sf), Orlando area brokers intimate with the north Osceola County submarket tell GlobeSt.com on condition of anonymity.
Arvida and Celebration officials couldn't be reached at GlobeSt.com's publication deadline to confirm the speculated price.
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